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There have big Possibility GBPJPY price will form a double bottom on the 150.000 psychological level as it has respected the level already and go up to continue the upward trend we can see on the 200 MA. Price has broken through the 200 MA so get ready to sell if it breaks through the 150.000. But we must wait for the London or new York session volume to show us the clear direction. Looking for a nice 200-300 pip move Will see how it plays out this coming week .
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Previous week was very bearish for almost all GBP pairs . I am looking today on GBP/CHF with just a little confluences to take a trade next week overall we has little support at 1.26500 . My idea for few trades this week are mirror effect till 1.2655 and after that we will see if price breaks this support and continue down, or come back to touch resistance for 72 pips 🙂 If you are willing to take this trade, its 1:5.75 RR with 12 pip SL and 72.2pip gain 😉 i will be looking how price reacts to this zone .
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EURUSD here are the main key levels to pay attention to/to trade from next week on EURUSD . All underlined key levels are based on daily price action. Look for confirmation and trade from them safely. Wait for short buy now.
NZDUSD price action shows since 26th of march where the first green arrow is , price action has steadily been retracting back to previous support that was broken on the 23rd of march making it new formed resistant zone ( red line ). Which is yet to be tested. As price action has been raising a support and resistant trend line has been able to be allocated due to respected rejections , which is represented with the red and green arrows. This formation of candles is forming a potential continuation pattern called Bearish Flag .
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