Prices potential for bounce| 21st June 2021

Prices are approaching ascending trendline support as well as horizontal swing low support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 88% Fibonacci retracement and 127.2% Fibonacci extension. If prices continue to push down, prices might...

Breakout Identified in GBPJPY

The Breakout Opportunities system has just sold GBPJPY at 151.565. The system recommends entering this trade at any price between 151.346 and 152.052. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.467, suggesting that the GBPJPY may have further...

EURJPY appears overbought

The Congestion Opportunities Strategy has just bought EURJPY at 130.179. The system recommends entering this trade at any price between 130.018 and 130.34. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of 1.029 indicates that...

EURGBP Facing Bearish Pressure | 21 June 2021

EURGBP approaching descending trendline resistance. A short-term drop below 78.6% Fibonacci retracement and our entry at 0.86108 towards our take profit and 61.8% Fibonacci retracement at 0.85665 could be possible. Our take profit level is also in line with graphical overlap support. Stochastic is also reacting below resistance where price...

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