GBPJPY, H4 | Bullish Continuation!

Type: Bullish BounceKey Levels:Resistance: 157.128Pivot: 156.4 Support: 156.053Preferred Case:Prices are consolidating in a triangle pattern. We see the potential for bullish continuation from our Pivot at 156.4 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci retracement towards our 1st resistance at 157.128 in line with 61.8% Fibonacci retracement. Prices are transcending above our Ichimoku clouds, further supporting our bullish bias.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 156.053 in line with 61.8% Fibonacci retracement.

Source: Tickmill

Murrey Math Lines 12.04.2024 (Brent, S&P 500)

Brent Brent quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has broken the support line, exiting the overbought

Technical Analysis & Forecast 12.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range. By now, a decline wave structure has been completed at 1.0700 alongside

Ichimoku Cloud Analysis 12.04.2024 (EURUSD, XAUUSD, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test

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