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16.09.202109:03 Forex Analysis & Reviews: GBPUSD reacting below key resistance! Potential for drop!

Exchange Rates 16.09.2021 analysis

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

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Today we take a look at AUDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
Autor: Dean Leo
03:03 2021-12-03 UTC--5
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AUDCHF short-term bullish bounce | 3rd Dec 2021
On the H4 timeframe, price is abiding to the descending trendline resistance, signifying bearish momentum. However, we can expect a short-term retracement, we can expect price to drop from the 1st Resistance in line with 78.6% Fibonacci retracement and 127.2% Fibonacci projection towards the 1st.
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USDCHF Potential For Bounce | 3rd Dec 2021
Prices are consolidating in a triangle and abiding to our ascending trendline. We see potential for a bounce from our 1st support at 0.91900 which is an area of Fibonacci confluences and also graphical overlap towards our 1st resistance at 0.92639 in line with 100% Fibonacci extension and 50%.
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