On the daily chart, GBP/USD bull managed to defend support at 1.3830-1.3835. As a result, the pair formed a pinbar. A successful test of its high will allow the pound to count on the uptrend’s resumption.
On H1, GBP/USD keeps forming 1-2-3 and “Spike with reversal and acceleration”. To break the uptrend, bears need to pull the pair out of the trading channel and reach 88.6% target of the “Bat”. The odds of this scenario are not high.
On the daily chart, USD/CHF reached the interim target at 113% of the “Crab” pattern: bulls are trying to counterattack. To develop correction, they need to overcome resistance at 0.9410 and 0.9485-0.9505.
On H1, a break of the upper border of the 0.929-0.9395 consolidation range will increase the odds of its getting to 88.6% of the inverted “Shark” pattern. On the other hand, a decline below the support at 0.9290 will lead to the resumption of the downtrend.
EUR/JPY Price : 116.80 Trend Down
@Sell At : 116.80 Stop Loss 30 Pips Profits +45 Pips
EUR/USD Price : 1.4484 Trend : Down
@Sell At : 1.4484 Stop Loss : -35 Pips Profits : +45 Pips
EUR/JPY Price : 117.60 Trend Down
@Sell At : 117.60 Stop Loss 30 Pips Profits +45 Pips
USD/JPY Price : 80.30 Trend Down
@Sell At : 80.30 Stop Loss -30 Pips Profits +35 Pips
USD/CHF Price : 0.8378 Trend Up
@Buy At : 0.8378 Stop Loss -30 Pips Profits +45 Pips
EUR/USD Price : 1.4608 Trend : Down
@Sell At : 1.4608 Stop Loss : -35 Pips Profits : +45 Pips
EUR/JPY Price : 117.55 Trend Down
@Sell At : 117.55 Stop Loss 30 Pips Profits +45 Pips
GBP/CHF Price : 1.3677 Trend Down
@Sell At : 1.3677 Stop Loss -35 Pips Profits +40 Pips
EUR/JPY Price : 117.35 Trend Down
@Sell At : 117.35 Stop Loss 30 Pips Profits +45 Pips
EUR/USD Price : 1.4680 Trend : Down
@Sell At : 1.4680 Stop Loss : -35 Pips Profits : +45 Pips
EUR/USD Price : 1.4485 Trend : UP
@Buy At : 1.4485 Stop Loss : -35 Pips Profits : +45 Pips
EUR/JPY Price : 115.93 Trend Up
@Buy At : 115.93 Stop Loss 30 Pips Profits +45 Pips
EUR/JPY Price : 115.55 Trend Down
@Sell At : 115.55 Stop Loss 30 Pips Profits +45 Pips
GBP/CHF Price : 1.3725 Trend Down
@Sell At : 1.3725 Stop Loss -35 Pips Profits +40 Pips
EUR/JPY Price : 115.23 Trend Up
@Buy At : 115.23 Stop Loss 30 Pips Profits +45 Pips
GBP/JPY Price : 131.00 Trend Up
@Buy At : 131.00 Stop Loss -35 Pips Profits +35 Pips