In my previous post about USD/JPY, I highlighted the potential for JPY strengthening due to repatriation, referencing similar trends observed last year and usually in December After reaching a high near 157, USD/JPY began to decline and is now testing the critical 150 level. At this point, a technical rebound is possible, but I view it as a selling opportunity. My belief is that repatriation is still in its early stages, and JPY has significant potential for further appreciation. The 153-154 zone appears to be an ideal area to look for selling opportunities. With a stop placed above the recent high and a target near the 141 support level, a 1:4 risk-to-reward ratio could potentially be achieved.
Market Analysis: EUR/GBP Faces Pressure EUR/GBP declined steadily below the 0.8340 and 0.8330 support levels. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is trading in a bearish zone below the 0.8330 pivot level. - There is a connecting bearish trend line forming with resistance near 0.8305 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a fresh decline from well above 0.8350. The Euro traded below the 0.8320 and 0.8320 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8300 level and tested 0.8290. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near the 23.6% Fib retracement level of the downward move from the 0.8364 swing high to the 0.8289 low. https://www.tradingview.com/x/Mepi1Ff6/ There is also a connecting bearish trend line forming with resistance near 0.8305. The next major resistance could be 0.8330. It coincides with the 50% Fib retracement level of the downward move from the 0.8364 swing high to the 0.8289 low. The main resistance is near the 0.8340 zone. A close above the 0.8340 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8365. Any more gains might send the pair toward the 0.8400 level. Immediate support sits near 0.8290. The next major support is near 0.8265. A downside break below the 0.8265 support might call for more downsides. In the stated case, the pair could drop toward the 0.8240 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
This is not a financial advice. This is Luna plan for the next 6 Months see you on MAY 2025
This pair may need to form a right shoulder then make a drop from there to a new lower low. looking or a brief price pull up, latest friday and a rejection form that right shoulder, forming the months high, then a drop from there.
Bitcoin seems to form some kind of turning point where price is showing signs of weakness and a possible MSB to form on smaller timeframes of hourly and 4-hour. Our first target here is to break that middle line of Bollinger bands (the green/red line that follows the price below). As soon as we see a break of it, we will be looking for price to re-test the EMAs and possible bounce from there!! Swallow Team
? Technical analysis: Scenario of wave 3 or C in the ascending channel ? BINANCE:DUSKUSDT is moving in an ascending channel on the weekly time frame. ? In the previous rally, it stopped at the supply range of 55 cents and a corrective cycle was formed to the origin of the movement of 14 cents. ? Currently, it is facing demand, considering the first movement wave and the correction to the origin of the previous movement. ? This movement wave is the third wave, which is located in the microwaves 3 of the first 3 waves, considering the current momentum. ? Therefore, in the first step: this movement cycle will have the ability to grow to the first supply zone. ⚠️ In addition, if the price correction enters the range of this validation level, the bullish scenario will be invalidated and must be re-examined and updated.⚠️ »»»«««»»»«««»»»««« Please support this idea ? with a LIKE ? and COMMENT ? if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email ? in the future. Thanks for your continued support.? Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« https://www.tradingview.com/x/kfeHndjR/
Price action is in upward swing structure. Price retraced to 61.8 Fib (I didn't mark it in my retracement tool. Price shown strength in upward movement. You can target the swing high or the gap down area.
flip 21 ema go then blast through the 50 to attempt range high flip which imo shoudl happen so decent buy long term or till Q2 at least
Market Analysis: GBP/USD Climbs Back GBP/USD is attempting a recovery wave above the 1.2600 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.2620. - There is a key bullish trend line forming with support near 1.2680 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.3000 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.2800 support against the US Dollar. Finally, the pair tested the 1.2500 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2600. The pair even climbed above the 1.2700 level. https://www.tradingview.com/x/sHPM3tKc/ A high was formed at 1.2749 and the pair is now consolidating gains. There was a move below the 23.6% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2720. The next major resistance is near 1.2750. A close above the 1.2750 resistance zone could open the doors for a move toward 1.2800. Any more gains might send GBP/USD toward 1.2880. On the downside, there is a bullish trend line forming with support at 1.2680. If there is a downside break below 1.2680, the pair could accelerate lower. The first major support is near the 1.2630 level and the 50% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high. The next key support is seen near 1.2600, below which the pair could test 1.2570. Any more losses could lead the pair toward the 1.2510 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
There is important price channel levels. After 7 years of trading my opinion is we will see little consalidation in triangle which will lead little alt season because of dominance then breakout the up side.