Idriss21

Idriss21

Looking at dxy braking the triangle zone to the ⬆️ this could set a new up trend for dxy which is why I believe EU which weigh 57.6% of dxy will sell of as dxy form a uptrend

Idriss21

Everybody’s favourite pair 😎 I personally think gu is in a range position as eg is weighing gu heavily from moving back to 1.37 zone and dxy is starting to rise which is also weighing gu from moving back to 1.37 zone however if we see a sell of on eg or a sell of on dxy I expect gu to stop ranging and retest the 1.37 area for now sell the top and buy the bottom...

Idriss21

My least favourite pair not a fan of this pair because of the slow movement versus other gbp pair but personally I think EG is a down trend. With brexit over now the next step is UK 🇬🇧 (my country 😎) battling lockdown 3.0 and corona virus. However once everything get back to normal we should start seeing a major weakness in EG but for now I would recommend selling...

Idriss21

Although gbp jpy is bull pair I believe that it will drop from the PA line as it have tested it several times then drop from this point then again with gu weakening from dxy strength that could also weaken gj as well

Idriss21

After testing the low base on dxy weakness now that dxy is above 90.00 I see usdchf not coming back to test 0.87 again unless dxy drop below 89.70

Idriss21

Looking at the daily trend I see gbp/usd extending past 1.40 on the daily well only time will tell for now sell the resistance and buy the support that is my current strategy until we hit 1.40

Idriss21

Weekly chart on gbp/usd now that brexit is over let see what 2021 have installing for GU. The lines are PA area where support and resistance are formed