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21 NOV 16 GBPJPY MEETS PREVIOUS HIGH

Hello fellow traders,
GBPJPY along with other majors have beaten yen down and reached previous high of 138.77 zone. Here we may see supply and price may fall but seeing the huge momentum nothing can be said for sure. More aggressive traders may sell here with stop above 139.50 and may target 132.50. But till the time of writing this post there was no sign of any price action in favour of sell. So wait and let the candlesticks to confirm a sell. if the price is able to break above this zone then …
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GBPUSD UP TREND

Charts: 4 HOURE,

The GBP/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the GBP/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to …
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ImranMughal99 avatar

Near my rate

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EURUSD

Charts: 4HOUR,

The EUR/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the EUR/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to ap…
Read full story
Translate to English Show original
orto leave comments
Avatar

GBPUSD UP TREND

Charts: 4 HOUR,

The GBP/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the GBP/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
Read full story
Translate to English Show original
orto leave comments
Avatar

GBPUSD UP TREND NEXT MONTHH

Charts: 1 HOUR,

The GBP/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the GBP/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
Read full story
Translate to English Show original
orto leave comments