CurrenciesCurrencies ForecastCurrencies PremiumEURUSD ForecastEURUSD Technical AnalysisForecast And Technical Analysis PremiumForecastsForming Harmonic PatternsGBPUSD Technical AnalysisHarmonic Patterns PremiumPremiumTechnical AnalysisUSDJPY Technical Analysis

Technical Levels and Potential Patterns for Currencies

EURUSD:

Main Trend: Bearish

Near Term Trend Change: Daily Closing above 1.14500

Key Levels and Trade Opportunites:

  1. Add short at the breakout of 1.13600 and 1.13200
  2. Buy at H4 close above 1.14300

GBPUSD

Main Trend: Bullish

Near Term Trend Change: Daily Closing below 1.31900

Key Levels and Trade Opportunites: We have entered a short trade based on Bearish Total and AB=CD pattern. We have reached our targets.

Cable is in a consolidation period. Break below 1.32450 would lead the pair 1.31900. Long opportunity at 1.31900.  Daily closing below 1.31900 will change the trend near term, 1.30800 would be the target of the pair. Strong buy at 1.30800

USDJPY:

Anka headed South. The target of the pair is 112.250-112.500. Short opportunity for intraday traders at 112.250  based on Bearish Crab Pattern.

TO BE CONTINUED

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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