The bearishness is strong, as the GBPUSD stabilizes below 1.5340 where 38.2% Fibonacci exists. The technical target of 1.5190 is still awaited.
ADX shows strength on the bearish trend and that suggests more negativity, while coming below 1.5190 is required.
Be aware, NFP may cause huge fluctuation that doesn’t suits all types of traders.
Support: 1.5190 – 1.5100 – 1.5040
Resistance: 1.5280 – 1.5340 – 1.5385
Direction: Bearish
After yesterday’s declines, the support of 1.1080 succeeded in stopping the bearishness, but the charts shows that, the bearishness remains available below moving averages and strength of bearish trend on ADX.
Thus, we suggest more bearish due to the long black candle below 61.8% Fibonacci at 1.1140.
The NFP may bring fluctuation and therefore, coming below 1.1080 is required to support our outlook.
The scenario will be invalid with a breakout above 1.1250.
Support: 1.1100– 1.1080– 1.0980
Resistance: 1.1150–1.1210- 1.1250
Direction: Bearish blow 1.1080
In accordance with the last update, we sent to our subscribers, the USDCHF pair has moved bullishly influenced by hitting moving averages.
Another leg higher is awaited with stability above 61.8% Fibonacci level, as RSI and ADX are positive.
Eyes will be on 0.9880 as a target for the bullishness, while 0.9600 should hold according to Fibonacci rules.
Support: 0.9700-0.9625-0.9550
Resistance:0.9800-0.9835-0.9880
Direction: Bullish
The USDJPY pair has moved strongly to the downside after failure to hit 120.60 earlier.
The coverage from moving averages is a negative sign and we remain bearish over intraday despite the awaited fluctuation from RSI14.
Our sell position for subscribers has reached the first target of 119.45 and we are content with the profits we made from this position; therefore, we will avoid trading the pair today due to the huge fluctuation awaited in the NFP data releasing time.
A break below 118.70 will trigger more bearish actions.
Support: 118.70-118.30-117.90
Resistance:120.00-120.60-121.00
Direction: Bearish