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TitleGBPJPY H4 | Bouncing off 23.6% Fibonacci Level TypeBullish Bounce Preference:GBPJPY is bouncing off the pivot at 179.821, the pullback support that also aligns with the 23.6% Fibonacci retracement level. The price could continue rising to the 1st resistance at 182.195, the swing-high resistance. Alternative scenario:The price could pullback and reverse to the 1st support […]

TitleCADJPY H4 | Rising to resistance level TypeBullish Bounce Preference:CADJPY could continue the uptrend from the pivot at 106.501, the pullback support, and rise to the 1st resistance at 108.107, the multi-swing high resistance level. Alternative scenario:The price could pullback and reverse to the 1st support at 106.199, which aligns with the 61.8% Fibonacci retracement. […]

The primary currency pair continues to soar on Thursday. The current EURUSD exchange rate stands at 1.1114. Nothing significant has occurred: investors have simply become absorbed in forming expectations regarding the further actions of the US Federal Reserve. The market now factors a 90% probability of an interest rate reduction in March. The overall decline […]

TitleGBPUSD Day | Bullish bounce TypeBullish Bounce Preference:GBPUSD has bounced off the pivot at 1.27669, a pullback support, and is rising to the 1st resistance at 1.29933, the swing-high resistance. Alternative scenario:The price could pullback and reverse to the 1st support at 1.26335, the swing-low support. To discuss this trading idea, head over to Tickmill […]

TitleUSDJPY H4 | Bearish breakout TypeBearish Drop Preference:USDJPY is breaking out of the pivot at 141.132, the swing-low support, and is falling to the 1st support at 138.662, also a swing-low support. Alternative scenario:The price could bounce off the swing-low support at 141.168, and rise to the 1st resistance level at 142.848, the pullback resistance. […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2765 is expected, followed by a rise to 1.2945. An additional signal confirming the rise will be a rebound from […]