The GBP/USD pair is trading with in its support zone on a 30 minute time frame. The price may not bounce from this level of support as it failed to bounce back up from this level on its first touch. The second touch has taken the price deeper in the zone which means that there may not be enough buyers at this support zone who could push the price back up.
اقرأ المزيدThe EUR/USD pair has completed a symmetrical triangle pattern on a 30 minute time frame as predicted. The projection of this triangle pattern was given in our analysis on 2nd of July and it is shown by the rectangle on the chart (shown in purple).
اقرأ المزيدThe GBP/USD pair has bounced from its support zone on a 30 minute time frame. This support zone was given in our analysis yesterday. The price action is trading above the 50 day (shown in green) and the 100-Day (shown in yellow) moving averages which show that the bulls have taken the control. The pair was also able to break its downward trend line which further confirms the above argument. The volatility for the pair has dropped as well because the price is trading within the Bollinger and close to its 20-day MA.
اقرأ المزيدThe USD/JPY pair is trading within the support zone on a 30 minute time frame. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirms that the bulls are losing their control. However, the pair is still trading above the rising trend line and has not broken this line once which confirms that the upward trend is still intact.
اقرأ المزيدThe GBP/USD pair is bouncing from its support zone on a 30 minute time frame. The price action is trading above the 50 day (shown in green) but below the 100day (shown in yellow) moving averages which show that the bears are losing their grip. However, the pair is still trading below the downward trend line which could keep the downward on the GBP/USD unless the price breaks this downward trend line. A close of the price above this trend could determine the further continuation of the upward move.
اقرأ المزيدThe USD/JPY pair is trading near its resistance zone on a 30 minute time frame. The price is trading above the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirms that the bulls are in control. Moreover, the pair is also trading above the rising trend line and has not broken this line once which further confirms the strength of this upward trend.
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