2018-06-29
Recently, USD/JPY has been trading downwards. The price tested the level of 1.3220. According to the H1 time - frame, I found a broken support trendline in the background which is a sign that sellers are in control. I also found a hidden bearish divergence in the background which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3130 and at the price of 1.3020.
Resistance levels:
R1: 1.3320
R2: 1.3390
R3: 1.3430
Support levels:
S1: 1.3200
S2: 1.3175
S3: 1.3110
Trading recommendations for today: watch for potential selling opportunities.
GBP/USD analysis for June 29, 2018
2018-06-29
Recently, GBP/USD has been trading upwards. The price tested the level of 1.3183. According to the H1 time frame, I found a broken resistance trendline in the background, which is a sign that buyers are in control. I also found a fake breakout of the previous week low at the price of 1.3100 which is another sign of strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.3310.
Resistance levels:
R1: 1.3140
R2: 1.3164
R3: 1.3200
Support levels:
S1: 1.3080
S2: 1.3045
S3: 1.3022
Trading recommendations for today: watch for potential buying opportunities.
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