Technische Analyse | Sharp Trader

USD/JPY- Selling pressure still strong

The USD/JPY is trading in a support zone on a 60 minute time frame. However, the price has been consolidating for a long time in this zone which means that there is not enough buying pressure which can push the price higher. Moreover, the pair is also trading well below the downward trend line which further confirms that the bears are in control.

Technical AnalysisBy sharptrader

GBP/USD- A bullish pattern has formed

Focus: the resistance at 1.6297 remain in focus as a major obstacle and the pair needs to break this resistance to confirm further upward trend. The immediate support is near the 1.5976 zone.

Technical AnalysisBy sharptrader

GBP/USD- In a support zone, an upward move could be on the card

Focus: the resistance at 1.6297 remain in focus as a major obstacle and the pair needs to break this resistance to confirm further upward trend. The immediate support is near the 1.6085 zone.

Technical AnalysisBy sharptrader

Gold- Bounced from support but selling pressure could continue soon

Focus: The precious metal needs to break the resistance of 1337 for any further hopes of an upward trend, otherwise the bias could be to the downside. The immediate support is at 1271 followed by the 1217. Strategy in Play Gold has bounced from its support zone on a 4 hour time frame as…

Technical AnalysisBy sharptrader

COPPER- Fundamental And Technical Analysis

Fundamental After a sharp move to the downside, copper is under constant pressure as Democrats and Republic are putting the fragile recovery of the US economy at risk by not resolving the political gridlock. While the treasury department may not have enough pills to swallow if US fails to resolve the debt ceiling, the volatility…

Technical AnalysisBy sharptrader

GBP/USD- Broken upward channel- What now

Focus: the resistance at 1.6297 remain in focus as a major obstacle and the pair needs to break this resistance to confirm further upward trend. The immediate support is near the 1.6085 zone.

Technical AnalysisBy sharptrader