1- Those are strong support and resistance levels in the short /medium term, the market usually respects these levels strongly. 2- If the market rallies into resistance levels, a sell-off is expected. 3- If the market sells off into support levels, a rally up is expected. 4- Some levels are valid for several...
GBPUSD: Capped By Falling Trend Line! Recommendations: Short positions below 1.3571 levels with 1.3500 & 1.357 as next targets. Alternative scenario: Above 1.3571 look for further upside to the 1.3600/1.3630 levels. Description: As long as 1.3571 resistance holds on a 4-hour closing basis, the GBPUSD remains on the downside to the 1.3500/1.3457 levels,...
EURUSD: Outlook Remains Lower! Recommendations: Short positions below 1.1820 levels with 1.1765 & 1.1735 as next targets. Alternative scenario: The upside breakout of 1.1820 will call for a rebound to 1.1875 levels. Description: As long as 1.1825 resistance holds on a 4-hour closing basis, the EURUSD remains on the downside to the 1.1765/1.1735...
GBPUSD: Consolidates With Downside Bias! Recommendations: Short positions below 1.3525 levels with 1.3457 & 1.3430 as next targets. Alternative scenario: Above 1.3525 look for further limited gains below 1.3571 levels. Description: As long as 1.3525 resistance holds on a 4-hour closing basis, the GBPUSD remains neutral with a risk to the downside to the 1.3457 levels,...
EURUSD: Under Pressure, Eyes Further Downside Risk! Recommendations: Short positions below 1.1875 levels with 1.1790 & 1.1737 as next targets. Alternative scenario: The upside breakout of 1.1875 will call for a rebound to 1.1937 levels. Description: As long as 1.1875 resistance holds on a 4-hour closing basis, the EURUSD remains on the downside...
GBPUSD: Consolidates With Downside Bias! Recommendations: Short positions below 1.3571 levels with 1.3525 & 1.3500 as next targets. Alternative scenario: Above 1.3571 look for further upside to the 1.3600/1.3630 levels. Description: As long as 1.3571 resistance holds on a 4-hour closing basis, the GBPUSD remains on the downside to the 1.3525/1.3500 levels, a...
EURUSD: Consolidates With Downside Bias! Recommendations: Short positions below 1.1937 levels with 1.1900 & 1.1860 as next targets. Alternative scenario: The upside breakout of 1.1937 will bring recovery to the 1.1975/1.2012 levels. Description: As long as 1.1937 resistance holds on a 4-hour closing basis, the EURUSD remains on the downside to the 1.1900...
GBPUSD: Continues To Consolidate! Recommendations: Short positions below 1.3485 levels with 1.3430 & 1.3377 as next targets. Alternative scenario: Stability above 1.3485 may bring limited gains to the 1.3560/1.3600 levels before another fall. Description: Despite the pair is bearish, but a short-term support is seen around 1.3485 levels, a sustained breakout - daily closing is...
EURUSD: Bearish Despite Recovery Attempts! Recommendations: Short positions below 1.1945 levels with 1.1870 & 1.1837 as next targets. Alternative scenario: The upside breakout of 1.1945 will extend recovery to the 1.1977/1.2025 levels. Description: Outlook in EURUSD has turned neutral with a risk to the downside, resistance comes at the 1.1945 levels, above that...
GBPUSD: Around Critical Support But Remains Vulnerable To The Downside! Recommendations: Short positions below 1.3485 levels with 1.3430 & 1.3377 as next targets. Alternative scenario: Stability above 1.3485 may bring limited gains to the 1.3560/1.3600 levels before another fall. Description: The pair is bearish at the moment, but both of weekly chart support at...