Gbpusd gap down 40 pips

Gbpusd opened lower with a gap almost 40 pips , currently trading at 1.2914$ ... The pair has strong support at 1.2885-1.2905$ area.

You can long the pair at that area targeting a close of the gap.

Ofcourse , the pair is down on the latest brexit news from the weekend.

Brexit talks and the single market deal will stay as a catalyst for the pair. It is recommended to go long anywhere near current levels .

Technically , The pair will turn strongly bullish after breaking 1.3020$ area on the 4h chart.

5 crypto Investments that will make you a fortune

After 3 month of research based on business model analysis , technical analysis , market sentiment and market trends , I have reached to a decision of making a portfolio of 5 crypto currencies that have a big potential during the next period. It is expected that initial investment will almost have 4x return atleast , which means if you invest 10k , you will have a potential of reaching 50k atleast , there are 2 tokens out of the 5 tokens have a potential for almost 25x return on initial investment. The coins belong to projects from 4 different industries, they are issued by very succesful companies and supported by famouse blockchain creators and advisors. I will help you create a profitable portfolio and follow up on these investments with weekly updates which will guide you to make the right entry and exit points. Feel free to contact me anytime on twitter @b4borio or email me at boriology@gmail.com

GBP/USD rejected by trendline

The Pair rallied on Friday till it got rejected by trend-line on below chart on the 4h time-frame. it is recommended to sell the pair on testing the trendline, if broken , you should be on the buyers side till 1.2430-60 area . It is recommended to go long as well if the pair managed to retest the 1.2290 area which will be an area of intraday support for the pair .

Usdjpy analysis update

Dear traders , The pair broke the daily trend and the 200 DMA (daily moving average) and is currently testing a very important area as well which is 200 week moving average and weekly support area at 110.20¥ , which might support the pair and help it recover a modest recovery in short term to 112.20¥ The pair is seen trading between 105¥ and 116¥ during 2017 , it will be kind of range pattern rather than trending. It is still not clear wether the pair will maintain its pullish trend after trump victory back in november and its 1800 pips rally. So the pullback to 110¥ is very logical action and we might find more decline to 105¥ Choose your trading strategy wisely based on your trading behavior.

Only charts

Search This Blog