TraderNay

GBPUSD has smashed through a major monthly support level of 1.39400 and is showing an extremely bearish sentiment, setting lower lows. The weekly, daily and H4 are all inline with the bearish bias, setting lower lows along a descending trendline; however the H1 chart has bottomed out and started making higher lows along an ascending trendline. I believe this will...

Overall directional bias for EURJPY is long; price has bounced on major monthly support (112.450) and a key ascending trendline too. Both weekly and daily also suggest a bullish bias with an MA crossover to the upside on both timeframes. On the H4 timeframe, a key ascending trendline has been broken to the upside and rejected on the retest - looking for any excuse...