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GBPJPY, Weekly analysis, July 20-24Dear traders, Have a great trading week ahead, Pound against Japanese yen, have been trading sideways in day chart and in 4 hr chart its trading in falling wedge pattern, previous resistance zone between 133.750 to 134.150 area now act as a support zone , this week price expects to favour bullish moves upto 136 from technical perspective..when fundamentals supports the price action Note- Predictions based on price action ..and for educational purposes..
Long
by Akfx369
GBPUSD WEEKLY ANALYSIS, JUL 6-10Hi traders, wish you for successful trading week ahead, GBPUSD pair looking to go up during last week, but its not successful for GBPUSD of being bullish..1.25000 price area which turned a support area into a resistance zone send the price down during end of last week..hope the downtrend continues for GBPUSD atleast 1.23 area during the mid of the week.. may go up from that support area. Thank you all. Note - Weekly prediction done as per price action analysis, price movement subjected to fundamentals changes also
Short
by Akfx369
GBPUSD Weekly analysis , June 29-July 3Dear traders, Wish you all for more successful trading days, Pound against dollar pair has closed in a lower price mark than the previous week, makes this pair to looking for a bearish week . expected to retrace the 1.24500 mark before going down.. If it breaks above the level of 1.2500 , then it may go bullish .. lets watch how GBPUSD starts july Note- Price action analysis is based on technical perspective, fundamentals also to be considered for the price movements.
Short
by Akfx369
GBPUSD, Weekly analysis, June 15-19, 2020Dear traders, All the best for new trading week, Pound vs Dollar pair in the bullish trend for last 3 weeks are so, price action set up and price zones still enhances the move of upwards, this pair finds strong support at 1.25 area which retraced at last week last day, price looks to breaks the upper resistance of 1.27500. trend likely to continue till 1.31 area.. else price may breakdown towards 1.23. still it looks like a buy this week. lets wait and watch Thank you Note - Predictions based on pure technical analysis , Fundamentals impact also reflects in price movements.
Long
by Akfx369
GBPUSD Weekly analysis, June 5-12Hi traders Wishes for the new trading week, Pound against dollar, shown the tremendous upside buying opportunity last week, price area of 1.2700 shows some resistance at the end of Friday session, This week the pair may come down to retrace 1.26 area and may go up , if the current resistance shows resilient, lets wait for the price action this week, all the best Note- Analysis based on Pure technical point of view for education purpose, markets are prone to change against predictions
Short
by Akfx369
GBPUSD , May Ist week analysis From 4 to 8The British pound vs Dollar , has seen the worst dip in the march during virus outbreak .. and this pair slowly consolidating during the month of April slightly up. at the start of May, some positive news may push this pair to higher price. PM quoted that the country past the peak and extending the lockdown period will help the economy to play safe.. Initial part of the week , it may retest 1.24500 area to push the price higher in the coming week.
Long
by Akfx369