Price was trending in a bullish manner till the daily closed bearish and broke structure as well and now price should be heading towards the 186.000 target
We were in a bearish market structure until we broke last lower high now were making bullish market structure as long as we maintain above 1.75760 level we should see price hitting 1.78260 area.
-Reversal downtrend now -Price making lower highs and lower lows -Target 1.57126 -Wait for a simple break and retest
-Price going back up to make new higher high -Overall uptrend -Wait for a simple break and retest -Target 80.074
Overall downtrend We have a weekly confirmation candle breaking under this zone Waiting for a retest and rejections at the zone and looking to target all the way down to 1.32160
Overall downtrend 2 weekly rejections to the upside Waiting for a simple break and retest of this zone Targeting lows at 1.81600
Key Confluences -Overall downtrend momentum still tot he downside -A lot of rejection still coming from this resistance price not being able to break above -Potential price to go down to 127.500 this week
Key Confluences -Still overall downtrend -Gold can go down to 1760.00 area as long as we don't break above 1800.00 -Look for selling opportunities until we get a break above 1800 zone
Key Confluences -Strong weekly bullish close -Overall strong momentum still pushing to the upside -Potential pullback to 1.27500 key zone -Look for confirmation around that area to go long -Potential overall target 1.30000
Key Confluences -Strong bearish momentum to the downside -If we can get a daily break under this major support level we can see pound yen melt -Just wait for the break and retest and enter after confirmation -Potential downside to 148.000 area
Key Confluences -Strong overall downtrend -We can see a potential pullback to 1.37000 or 1.37500 just look at these areas to go short -We can still see the pound dollar see potential lows at 1.35000
Key Confluences -Daily close under Support -Wait for rejection at retest and enter -Target 127.500
Key Confluences -Daily closed above key level -Pullback to fib rejection -Rejection being shown currently -Target 1.90000 -RR 1:3.5
GBPJPY -Overall downtrend -Daily broke under Major Support -Support now turning into resistance -Potential target 151.200 this week -Weekly target 149.500
overall downtrend so bias is bearish waiting for pullback to key fib level for potential entry targeting back down to 1.37530 RR 1:3
overall downtrend waiting for break and retest below support level targeting down to 130.350 RR 1:3
Overall uptrend bias is bullish until we get a break below previous higher low waiting for break and retest above key level targeting 1.24720 RR 1:3
overall downtrend bias is bearish until we break above previous lower high waiting for pullback to key fib level for potential entry also waiting for break and retest of support level targeting down to 152.150