Technical Analysis

GBP/JPY Two POC zones for Now Moment Buyers


The GBP/JPY got a backwind by renewed GBP strength and currently we can see nice intraday rejections off the supporting trend line. Two POC zones that might spur additional buying interest are 139.50-65 (EMA89, H4, 50.0). H4 camarilla is breakout point which we already covered in Price Action Trading School...


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EUR/USD Bullish Switch on Short Term Trend


The US is on track for 3 hikes this year, and a few more in following years,but there were mentions during previous week that the ECB too may shift to normalising rates also in due time, so at this point we might see a possible change in direction on this...


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Price Action and Reversal Patterns at Critical S&R


EUR/USD, GBP/USD are showing strong bullish momentum but key resistance could stop and reverse it. USD/JPY could be at the start of a large bullish wave 3 whereas AUD/USD is showing a larger breakout potential depending on the daily and weekly candles.


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USD/CAD Trapped in a Range Bound Price Action


After a strong drop below 1.3385 level caused by USD profit taking and Fed being less hawkish than expected, the USD/CAD is stabilizing in a range bound market condition where the price is trapped between 2 POC zones. POC for possible buying is 1.3265-85 (L4, historical buyers, ATR pivot) while...


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GBP/USD Spikes on BOE Rate Decision


The Bank of England decided that it would keep key rates unchanged at 0.25 % and to keep the QE unchanged. Additionally the BOE raised Q1 GDP forecast to 0.6% vs 0.5% in February. A member of BOE voted for the rate hike making overall this decision bullish for the...


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