Price is reacting above our pivot level at 1,724.20 which is in line with 38.2% Fibonacci retracement level. Price could potentially swing towards resistance at 1,758.53, which is in line with 50% Fibonacci retracement level, 100% Fibonacci extension level, 20EMA & horizontal overlap resistance. Alternatively, price may drop to our...
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AUDJPY facing bearish pressure | 6th Aug 2021
Price is reversing from the sell entry at 81.352 at 61.8% Fibonacci retracement towards our take profit at 80.598 in line with 61.8 Fibonacci retracement and extension. Otherwise price may rise to stop loss at 81.656 in line with 78.6% Fibonacci extension . Any opinions, news, research, analyses, prices, other...
XAUUSD facing bearish pressure| 06 August 2021
Price is currently holding below the horizontal overlap resistance in line with the 23.6% Fibonacci retracement and the 61.8% Fibonacci extension . We can expect price to plunge and take support at the 1789.747 level which is in line with the 161.8% Fibonacci retracement and the 161.8% Fibonacci extension ....
USDJPY facing bearish pressure | 06 August 2021
USDJPY is holding under a descending trend line , approaching a potential sell entry level at 109.812, near 61.8% Fibonacci retracement as well as 78.6% Fibonacci extension where we could potentially see the price drop to take profit at 108.722, near 61.8% Fibonacci extension and 127.2% Fibonacci retracement . Any...
GBPJPY facing bearish pressure | 06 August 2021
GBPJPY is reacting below the descending trendline and is approaching the sell entry of 152.857, near 78.6% Fibonacci extension where we could potentially see the price drop to take profit at 150.939 near 50.0% Fibonacci retracement . Alternatively, prices may rally up towards stop loss at 153.980 at a horizontal...