GBP/USD - What next?
July 04, 2018
From a technical perspective, a sustained move beyond the 1.3215-20 immediate supply zone is likely to trigger a short-covering move and assist the pair to aim back towards reclaiming the 1.3300 handle. A follow-through buying has the potential to accelerate the up-move further towards testing an important resistance marked by a short-term descending trend-channel formation on the 4-hourly chart, currently near the 1.3340-45 region.
On the flip side, the 1.3160-55 region now seems to protect the immediate downside, which if broken could accelerate the fall towards the 1.3100 handle. A convincing break through the mentioned support might negate prospects for any further recovery and turn the pair vulnerable to slide back towards retesting YTD lows support near mid-1.3000s before eventually dropping to test the trend-channel support near the 1.3025 area.
about? What makes it interesting?
GBP/NZD Time to go long
June 14, 2019
After a clear break of the lower box, and several rejections its time to go long. The bears have clearly been exhausted and failed to break below the 1.89 support. We should now see another move towards the 1.96 resistance
Short term energy outlook
April 26, 2018