GBPJPY is on a descending downtrend a current sell position is applicable with SL 185.000
first target is 180 and second target is 176, its a weekly opportunity.
EURGBP will extend to 0.94900, a failure to break 0.91000 on the downside is a confirmation. perfect entry at 0.9300 with an appropriate risk management
A head and shoulder has been formed. A clear sell off in the long run, with proper risk management and a good risk-reward management this pair can be shorted.
The pair is reaching a major resistance level at 1.31500 to 1.32500 level. looking for shorts from this level to 1.27500 level. Risks on the downside are levels beyond 1.33 level.
Since October 3rd the commodity has been ranging in between 1522 and 1482 level. Therefore it is at a potentially high level of the range which could be a great sell opportunity towards the downside targeting levels below 1500, potentially 1492 and 1480. A break of either side will be a breakout of a consolidation sideways momentum.
The pair has had a steady hike throughout last week rebounding from 0.68000 level refusing to break a previous resistance. Going forward the pair has reached 0.681 fib retracement level which is a very strong indicator that the pair will re visit the 0.68600 level. Order below 0.68 level with stop losses above 0.69500. The trend drawn from 2nd of January 2019 also...
