GBPUSD Trade Analysis
Current Trend: Uptrend.
Support Levels: 1.3400.
Resistance Levels: 1.3513.
GBPUSD Daily Chart
GBPUSD Trade Ideas
Price on the GBPUSD has been moving in a fairly clear cut trend higher in the last three months.
As the attached daily chart shows, this move higher has now sent price into an important resistance zone. Whilst there are a lot of bears around looking to make short trades at this level, I am cautious about shorting this market at the moment.
As the attached 4 hour chart shows, price in recent sessions has been very choppy. Whilst we could get a nice move lower, I would much prefer to look to trade with the trend higher.
If price rotates lower into the near term support level around 1.3400 in the next few sessions we could look for potential long trades and for this trend to once again pick up steam.
GBPUSD 4 Hour Chart
EURJPY Trade Analysis
Current Trend: Uptrend.
Support Levels: 125.77.
Resistance Levels: 126.75.
EURJPY Daily Chart
EURJPY Trade Ideas
For over ten days now price has been stuck trading in a very tight sideways box in this pair.
Looking to make trades within this box and sideways movement looks a dangerous play and the best options look to be waiting for a breakout.
Overall the trend in recent times has been higher.
If price can breakout higher inline with the recent momentum we could start to look for potential long breakout trades.
Long breakout trades could see price make a new extended leg higher as price has a nice amount of space to move higher into.
EURJPY 4 Hour Chart
