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24.11.2021 06:58 AM
GBPJPY Bearish drop | 24th Nov 2021

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Prices appear to be consolidating in a triangle. We see potential for drop from our 1st resistance at 154.078 in line with 61.8% Fibonacci extension 23.6% Fibonacci retracement and bearish trendline towards our 1st support at 152.810 in line with 61.8% Fibonacci retracement. Alternatively, our stop loss will be placed at 2nd resistance at 154.667 which is an area of Fibonacci confluences. Technical indicators are showing bearish momentum.

Trading Recommendation

Entry: 154.078

Reason for Entry:

61.8% Fibonacci extension 23.6% Fibonacci retracement and bearish trendline

Take Profit: 152.810

Reason for Take Profit:

61.8% Fibonacci retracement

Stop Loss: 154.667

Reason for Stop Loss:

area of Fibonacci confluences

USDJPY, Daily| Continue to 1st resistance?
The USD/JPY chart is exhibiting bullish momentum, potentially for further upward movement, supported by the price staying above a major ascending trend line. The first support level is at 137.65 and the second is at 134.31, both identified as overlap supports, reinforcing the bullish sentiment. The.
Autor: Dean Leo
04:56 2023-05-29 UTC--4
1375
EURUSD, Daily | React off 1st resistance?
The EUR/USD chart is demonstrating bearish momentum with a potential for further downward movement. In the short term, a rise towards the first resistance level of 1.0806 is expected before a possible reversal towards the first support level at 1.0695, which serves as an overlap support. A second.
Autor: Dean Leo
04:50 2023-05-29 UTC--4
1315
XAUUSD, Daily | Bounce off 1st support?
The Gold to US Dollar pair (XAU/USD) is currently on a bullish trend, with prices above a significant rising trendline indicating potential further upward movement. The first support level at 1935.46, which is the 50% Fibonacci retracement level, and the second support at 1859.67, aligning with the.
Autor: Dean Leo
04:49 2023-05-29 UTC--4
1300
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