EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
EUR/GBP is at the edge of the channel
Information is not investment advice
EUR/GBP has reached the lower end of the bullish channel visible on the D1. As long as it’s trading below 0.9100, we will keep seeing a top on the chart that greatly resembles a “Head and Shoulders” pattern. Selling will become an option in case the pair breaks below the channel support at 0.9040. The downside targets will lie at 0.9000 (38.2% Fibo of the March-August advance) and 0.8900 (50% Fibo, H&S target). On the upside, if the price rises above 0.9140, the next resistance will be at 0.9180. An advance above this level will open the way back up towards 0.9300.
Elizabeth Belugina
Similar
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
How to trade XAU/USD?
It’s simply the question of time before gold price gets to the higher levels…
Popular
GOLD: after-breakout consolidation
What happened? Gold was just above $1 800, now - back down below?
EUR/GBP: climbing higher
The pair approaches the significant resistance at 61.8% Fibo level. Look for the breakout!
OIL: turbulence ahead
OPEC+ will have a meeting this week. What are we to expect?
Choose your payment system
