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Gbp/Usd bearish below 1.2980$

The pair broke below the rising trendline in red as shown in the chart below. It is also trading below 200 hour moving average. There is horizontal resistance at 1.2980$ area followed by 1.3080$ area. Being Short is favorable with stop loss above 1.3080$. Target should be around 1.2640$ , you can book some profits at 1.2780$.

Gbpusd reversed sharply

Gbpusd has reversed sharply from the level of 1.3290$ area as I recommended in my earlier analysis today . I see a rebound from current trading area at 1.3175$ . Your target should be around 1.3240$ My recommendation is going long gbp against usd at current area cautiously.

Eurusd still bearish below 1.14$

Eur/usd made a daily high of 1.1410$ . Today's low at 1.1350$ area and the pair is currently trading at 1.1385$ area. The pair is currently testing 50% fibonnaci retracement level from the move(1.1410 to 1.1350$) .. A break above 1.14$ will resume a bullish movement. The pair is trending lower on the RSI indicator. My recommendation : selling the pair at current area 1.1385$ with stop loss on break of 1.14$ and your target should be around 1.1330$ area.

Gbp/usd trading in range

The pair has topped at 1.3340$ this week after a rally from 1.2960$ area. The pair is currently trading at 1.3250$ . 61.8% fibonnaci of the move lies at almost 1.3110$. A break below 1.3080$ will reverse the bullish trend for gbpusd Main catalyst for the day will be non farm payroll data release. Rsi : the pair is almost trading in a trending channel , might be good to buy around 1.3220$ Target would be 1.3290$. My Recommendation : sell gbpusd anywhere near 1.3290$ with stoploaa on break of 1.3350$

eurusd will find support at 1.1310$

it is 50% fibonnaci from the lows to recent highs. Also RSI shows some trending higher and might find support on third test. there is horizontal support at this area. stop-loss should be on break below 1.1275$

Gbpusd is still weak

Gbpusd rallied as i predicted in my last analysis for the pair. However , i see profit taking at this area as long as it is unable to break above 1.3120$ .

British pound will reverse higher

Gbpusd has fallen sharply , almost 400 pips from year highs near 1.32$ , the pair is currently trading at 1.2790$ area and is showing signs for recovery soon. The pair is trending higher on RSI while trending lower on the chart , this is bullish divergence on the 4h chart. Plus this horizontal area is a tough support for the pair which is very tough to break and a break below will be a catalyst for further speedy sharp fall. I would recommend going long from that area with stop loss on break of 1.2740$ area.

GBPUSD reaction after brexit vote

Theresa May's plan has been rejected by a historical vote which was a record , 432 rejected the deal against 202 MPs. She admitted the loss , but apparently , she is not resigning . She has the delusion that she is defending the brexit vote . A second referendum is imminent or we may be blocked by a no-deal brexit which no one wants. May hasd spent months negotiating with the EU , that rejected deal and now there is a movement led by jeremy corbyn to oust her using the no-confidence vote. GBP/USD , however is still holding around the 1.28$ figure , it fell sharply before the announcement of the vote results but soon , it reversed sharply reaching 1.2890$ area. Now the pair is trading around 1.2850$ with next and critical support at 1.2820$ marked by the orange horizontal line. Buy anywhere near that area and hold. The pair is still volatile though and you should be careful and quit in case we close any 1 hour below that area around 1.2820$. 

Usdjpy technical analysis

Usdjpy fell from 110.20¥ to the low of the day 104.50¥ , the pair is currently trading at 107.50¥ Look at below chart. What will you see is a rising trendline on the weekly time frame. If we close below that Line , the pair will be having more amounted pressure and it may fall to below 100¥ mark within short period... That level (104.50¥) is critical support for the pair and the last line of defense. A break below will start a new bearish trend for the pair which might send it back to 80¥ area again, level not seen since 2013. If the pair finds support , we will have first resistance at 109.60¥ followed by 112.40¥ 

Eur/usd technical analysis

Eur/usd tumbled to 1.1340$ from 1.1470$ , that proves there is alot of pressure on the euro during the first week in the new year. Euro as I predicted before will continue the slide to 1.1120$ , and maybe 1.0960$ . Shorting the pair at current level 1.1340$ with stop loss on any 4h close above 1.1380$ . Your first target should be 1.1120$ , RSI is nearing the oversold levels. And the pair might hold for a while before resuming its slide.