Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/JPY reversed from resistance zone
2019-11-11 • Updated
- GBP/JPY reversed from resistance zone
- Next sell target - 147.50
GBP/JPY continues to fall inside the minor impulse wave (i) – which belongs to the C-wave of the intermediate ABC correction (B) from the middle of September. The active C-wave started earlier – when the pair reversed down from the resistance zone lying at the intersection of the major resistance level 152.50, upper daily Bollinger Band the resistance trendline of the daily up channel from April. GBP/JPY is expected to fall to the next sell target at the next strong support level 147.50.
Similar
Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
GBP/USD Near Supply Zone
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
