This throws a bit of a spanner in the works with regards to GBPUSD short.
We saw consolidation on resistance before then breaking upside during the eastern, leads us to think GBPUSD might follow suit. Again a little more confirmation, upside or downside break and retest to offer us what we are after.
We were talking about GBP*** bull or bear bias this week in the members chat after the monster month end flow corrections we saw Thursday last week. Natural corrective measures as compared to trading support/resistance zones meant we couldn't really confirm or form a bias.
However, we are now starting to exceed corrective measures and break and trade...
Retesting now on EJ, it'll be interesting to see if we bounce like we did on CADJPY, pair comparison remember, trying to pick the best out of the bunch, really nice clean zones here and currently on a selloff wave.
So potential for an impulse buy if we pull down to 300 ish again.
Super clear bullish trend seen on GCHF, looking for a pullback to the intersection price highlighted. This would also tie in quite nicely with GBPJPY analysis, very similar moving pairs which we have been waiting for, for the last couple of days, even dating back to late last week infact.
DXY H4 - Downside market gap for DXY, as per our weekly watchlist... we are looking to set fresh lows very early on. GU popping higher and gold also seemingly on a mission. Lots to keep an eye out for this week and next week, confirming our consensus basically. USD weakness, GBP strength, on the fence with EUR at the moment.
GOLD H4 - Continuing to break highs and trend upside, working from the H4/H1 the 1870 support is the trading zone we would look to scout and find support, from there we would look to continue upside, higher high, higher low sequence as always.
GBPJPY H4 - Expecting very much the same with GJ as we are with cable, maybe a bit of a pullback but eventually an upside break and retest to offer long opportunities and continuations, all you have to do is scale out onto the D1 to see how bullish bias we are, 1.35 would be the highest price seen since July 2018.
EURUSD H4 - Currently pushing a key resistance zone, we have marked and annotated the monthly key level, resistance zone and 1.19 whole number, usually we would look to short this, but DXY is looking weak and we may be ready for an upside break, we have an ascending trend too, with sellers losing strength each time we push 1.189, breakout may be imminent. A break...
DXY H4 - We gapped downside, have yet to filled and we are seeing downside pressure on one of our final support zones at 92.20, could see a subsequent break and retest of support on DXY and break and retest of resistance on EURUSD from long potential, analysis to follow!
NZDCAD D1 - Daily close yesterday saw the upside breakout, a retest of the newly formed support zone could warrant buying opportunity off the back of todays close. Already starting to see a pullback, we have breakout highs, resistance to support and 0.90 whole number too, so a handful of confluences. RR is also sitting at a huge 1:6.
Now sitting on resistance, lets see what the eastern brings, if resistance holds and we see consolidation, this may be something we short tomorrow, EJ also on resistance after failing to set new highs.
GBPAUD H4 - Finally approaching that support zone we have been waiting for, might see this play out during the eastern, but will be up early updating this to see if it can be taken ahead of the EUR/LON open.
GBPJPY H4 - Must await a candlestick close on the H4 timeframe here to give us that confirmation we are looking for to see some downside pressure. Massive rally seen here, ***YEN pairs ripping upside for the most part, would be good to see some corrections soon, RR ticks the boxes as long as we don't dump.