EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
GBP/USD: levels to trade
Information is not investment advice
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance in the 1.2920 area (resistance line connecting October and November highs). A break above this level is needed to make the uptrend resume and allow the price to retest the 1.2970/1.30 zone. Only a close above 1.30 will allow the pound to head towards 1.3170 (50% Fibo of the 2018-2019 decline).
If the resistance is too hard an obstacle for bulls to break, the pullback below the MAs on the H4 at 1.2848 will open the way down for a decline to 1.2770 (November low). Notice that the 50-week MA is at 1.2730 - this makes it strong support.
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
USD/CAD: Canadian positive data vs US negative data
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Gold surpassed $1 800. Will it set new record?
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Choose your payment system
