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GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=139.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=140.7. TP4: R2=141.1. Set the stoploss of these orders at breakout of S2=139.4. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=139.4. In this situation, there is an expectation to reach the target S3=138.25. Set the stoploss of reverse orders at breakout of S1=139.75. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
Don't miss the great buy opportunity in GBPCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7135). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a uptrend and the continuation of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 1.7322 TP2= @ 1.7515 TP3= @ 1.7750 SL= Break below S2
Long
by ForecastCity_EU
GBPUSD stay longThe British pound continues to trade well above the 1.2900 level against the US dollar, following the renewed bullish sentiment towards the upcoming UK election result. Going forward, the GBPUSD pair remains a strong buy on dips back towards the 1.2840 level. At present, the 1.2880 level may be the nearest area of support GBPUSD bulls will attempt to enter if a pullback occurs. • The GBPUSD pair is bullish while trading above the 1.2840 level, key resistance is found at the 1.3000 and 1.3100 levels. • If the GBPUSD pair trades below the 1.2940 level, key support is found at the 1.2880 and 1.2840 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=140.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=141.55. TP4: R2=142.1. Set the stoploss of these orders at breakout of S2=140.5. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=140.5. In this situation, there is an expectation to reach the target S3=139.5. Set the stoploss of reverse orders at breakout of S1=140.7. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
2
Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2875). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a uptrend and the continuation of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 1.30050 TP2= @ 1.31750 TP3= @ 1.33550 SL= Break below S2
Long
by ForecastCity_EU
1
GBPUSD 1.2840 keyThe British pound is holding firm against the greenback in early week trading, with the pair appearing to have a medium-term floor in place around the 1.2770 level. Going forward, GBPUSD buyers could rally price towards the 1.3100 level if buyers can continue to defend the 1.2840 support level. A sustained breakout above the 1.2930 level should be the trigger for a technical test of the 1.3000 level. • The GBPUSD pair is bullish while trading above the 1.2840 level, key resistance is found at the 1.2930 and 1.3000 levels. • If the GBPUSD pair trades below the 1.2840 level, key support is found at the 1.2770 and 1.2710 levels.
by OctaFX_Official
Don't miss the great buy opportunity in EURJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (119.95). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a uptrend and the continuation of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. Take Profits: TP1= @ 120.75 TP2= @ 121.45 TP3= @ 123.15 SL= Break below S2
Long
by ForecastCity_EU
2
GBPUSD wedge playThe British pound is still holding onto its weekly gains against the US dollar, with the pair currently creating bullish higher highs. The four-hour time frame shows that the pair is trapped inside a wedge pattern, with the bottom of the wedge located under the 1.2840 level. A breakout above the 1.2910 level is currently needed for bulls to break free from the neutral pattern. • If the GBPUSD pair trades above the 1.2880 level, key resistance is found at the 1.2910 and 1.2940 levels. • If the GBPUSD pair trades below the 1.2880 level, key support is found at the 1.2840 and 1.2770 levels.
by OctaFX_Official
Don't miss the great buy opportunity in GBPCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2670). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a uptrend and the continuation of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 1.2900 TP2= @ 1.3160 TP3= @ 1.3400 SL= Break below S2
Long
by ForecastCity_EU
3
GBPUSD inflation dayThe British pound is holding firm against the US dollar currency, with the pair trading around the important 1.2850 level ahead of key inflation data from the UK and US economies today. The GBPUSD pair ideally needs to firm above the 1.2880 level to secure further gains towards the 1.2940 resistance level. Overall, GBPUSD bulls who are not already long from the 1.2770 area may be awaiting for a meaningful technical pullback. • If the GBPUSD pair trades above the 1.2880 level, key resistance is found at the 1.2940 and 1.3000 levels. • If the GBPUSD pair trades below the 1.2880 level, key support is found at the 1.2770 and 1.2710 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2815. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.2875. TP4: R2=1.29. Set the stoploss of these orders at breakout of S2=1.277. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.277. In this situation, there is an expectation to reach the target S3=1.2655. Set the stoploss of reverse orders at breakout of S1=1.2815. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPUSD 1.2880 keyThe British pound has performed a sharp reversal from the 1.2770 level against the US dollar after the chances British PM Boris Johnson securing a majority Parliament victory increased. Continued strength above the 1.2880 level is now needed to secure an important technical test of the 1.2940 resistance level. Overall, the GBPUSD pair could have formed an important technical bottom during its recent decline to 1.2770. • If the GBPUSD pair trades above the 1.2880 level, key resistance is found at the 1.2940 and 1.3000 levels. • If the GBPUSD pair trades below the 1.2880 level, key support is found at the 1.2850 and 1.2810 levels.
by OctaFX_Official
GBPUSD awaiting dataThe British pound is under threat against the US dollar on Monday as traders await a slew of high-impacting data from the UK economy this morning. Worse than expected UK data could sink the GBPUSD pair lower towards the 1.2740 support area. Overall, traders have few reasons to be bullish towards the GBPUSD pair this week unless the 1.2940 level is successfully overcome. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2890 and 1.2940 levels. • If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2740 and 1.2710 levels.
by OctaFX_Official
GBPUSD bears in controlThe British pound is under heavy downside pressure against the US dollar after the recent dovish Bank of England meeting heightened technical selling. The GBPUSD pair risks falling towards the 1.2740 level, although the 1.2710 level is the main support area. Overall, selling any rallies towards the 1.2850 resistance level is the preferred intraday strategy when trading the GBPUSD pair. • If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2740 and 1.2710 levels. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2890 and 1.2925 levels.
by OctaFX_Official
GBPUSD 1.2790 supportThe British pound remains vulnerable to further decline against the US dollar as the pair weakens under the 1.2850 level. Going forward, a loss of the 1.2790 level could expose the GBPUSD pair to a technical test of the important 1.2710 support level. A more dovish Bank of England policy meeting later today also has the potential to push the GBPUSD pair lower. • If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2790 and 1.2710 levels. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2890 and 1.2925 levels.
by OctaFX_Official
GBPUSD bearish under 1.2925The British pound is starting to appear weak against the US dollar after sellers forced the price below the important 1.2925 support level. The GBPUSD pair is at a serious risk of falling back towards the 1.2810 support level while trading below the 1.2925 level. Overall, GBPUSD buyers need to gain traction above the 1.2925 level to force a major technical test of the 1.2990 level. • If the GBPUSD pair trades below the 1.2925 level, key support is found at the 1.2810 and 1.2720 levels. • If the GBPUSD pair trades above the 1.2925 level, key resistance is found at the 1.2990 and 1.3020 levels.
by OctaFX_Official
GBPUSD breakout neededThe British pound is struggling to move away from its recent short-term trading range against the US dollar, following another failed attempt to move past the 1.3000 level last week. GBPUSD sellers may look to fade the GBPUSD pair this week if the price continues to fail around the 1.2980 to 1.3000 technical area. Alternatively, if a breakout above the 1.3000 level occurs this week, the GBPUSD pair could rally towards the 1.3080 area. • If the GBPUSD pair trades below the 1.2925 level, key support is found at the 1.2850 and 1.2720 levels. • If the GBPUSD pair trades above the 1.2925 level, key resistance is found at the 1.2980 and 1.3000 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=140.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=139.3. TP4: S2=139. Set the stoploss of these orders at breakout of R2=140.65. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=140.65. In this situation, there is an expectation to reach the target R3=141.8. Set the stoploss of reverse orders at breakout of R1=140.35. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity_EU
GBPUSD potential buyThe British pound has moved higher against the US dollar, following the Federal Open Market Committee interest rate decision on Wednesday. The latest advance in the GBPUSD pair may present an excellent opportunity to buy a breakout around the 1.2925 level. It is worth remembering that with the upcoming UK General Election the British pound is set for more volatile trading action. • If the GBPUSD pair trades below the 1.2925 level, key support is found at the 1.2900 and 1.2850 levels. • If the GBPUSD pair trades above the 1.2925 level, key resistance is found at the 1.3000 and 1.3080 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=139.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=140.8. TP4: R2=141.5. Set the stoploss of these orders at breakout of S2=139.4. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=139.4. In this situation, there is an expectation to reach the target S3=138.15. Set the stoploss of reverse orders at breakout of S1=139.8. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPUSD 1.2850 level in focusThe British pound has moved back towards the 1.2850 level against the US dollar after the pair received a strong technical rejection from the 1.2900 resistance level. The 1.2810 level now offers the strongest form of technical support prior to the 1.2720 level. Going forward, a break above the 1.2925 level is needed to encourage a technical test of the psychological 1.3000 level. • If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2810 and 1.2770 levels. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2900 and 1.2925 levels.
by OctaFX_Official
GBPUSD lacking convictionThe British pound has moved above the pivotal 1.2850 level against the US dollar, following news that the European Union has granted the UK a Brexit extension. The upside move above the 1.2850 is lacking conviction and could soon start to stall. Overall, a confirmed bearish rejection back under the 1.2850 level could prompt a strong decline towards the 1.2720 support level. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2900 and 1.2920 levels. • If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2770 and 1.2720 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=139.5. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=140.75. TP4: R2=141.1. Set the stoploss of these orders at breakout of S2=139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=139. In this situation, there is an expectation to reach the target S3=137.65. Set the stoploss of reverse orders at breakout of S1=139.5. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
1