GBPJPY OUTLOOK. Price has broken out of the bullish channel and retested twice however it is struggling to break away due to a big area of resistance. If price bounces off the second retest and breaks resistance we can see price continuing up to the long term downtrend and 200ma at 142.
GBPUSD swing trade. Looking for USD to gain more strength and for the pair to become bearish at the monthly downtrend and previous high resistance.
EURJPY looks to possibly continue the bullish trend. We have broke the past high and could now see price continue up to meet the long term monthly downtrend.
EURJPY has broken highs. It could now be likely that it continues to reach the long term downtrend price at around 126, where alot of pips could be gained from a sell or break and buy.
EURGBP has broken through the long term uptrend and therfore fallen on friday afternoon. Price reaching a pivotal area of support and resistance so we can see it bunce or break this area early in the week.
Price has broken previous highs and retested. Now buying for the continuation up to the long term downtrend line at 126
Looking for a double top and a repeat of the pattern price followed previously, back down to the uptrend line.
Expecting a double top here at the top of the long term downtrend resistance. Price could fall down to meet the 200ma.
Sold GBPUSD at the touch of the long term downtrend line. Already in profits and should look for price to drop further.
Short on EURJPY as we have hit resistance multiple times on the 1hr. We could see a fall and repeat of the previous where price fell hard and hit the 200 ma. Small sl of around 20 pips set just above resitance giving a huge R:R ratio of 9 if tge trade is successful.
Bough a small position on GBPUSD. Broke resistance and has consolidated slightly and now looks to be possibly bullish up to the last highs at 1.28.
Nice bullish flag pattern formed on GBPJPY. Trade already entered and in profit and aiming for the 136 zone, possibly continuing to 139.
Price fell below the uptrend line but has made its way back above. It has now retested and held it twice so i have placed a buy with TP at the past daily high.
Trade entered previous and in profit however if we break this area of support we should see further fall down to the longer term uptrend line. Opportunities still to enter after a nice break of support
Weekly sell forecast didnt play out however monday’s daily candle closed as a big morning star. We also have bullish engulfing 4hr and 1hr candles so i believe price could be reaching for the larger term downtrend.
EURJPY Short idea: Price has formed a nice flag pattern. We have broken through the bottom of the flag and have seemingly broke through and retested an area of support and resistance, therefore we could now see the pair have big bearish run down to a much lower price throughout the week.
Trade explanation: GBPUSD broke the 1.2516 resistance and retested so i bought at the retest. Currently running around 100 pips with the TP around 1.265 which is a longer term downtrend and should be where price meets the 200ma. At this point i will look at a sell or buy depending on price action.