| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: USD/ZAR outlook weaker on renewed downside pressure

FxWirePro- Woodies Pivot(Major)

AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106

FxWirePro: EUR/NZD downside pressure builds, key support level in focus

FxWirePro- Major Crypto levels and bias summary

FxWirePro: GBP/AUD downside pressure builds, key support level in focus

FxWirePro- Major Pair levels and bias summary

FxWirePro: USD/CAD dips below lower range, bearish bias increases

FxWirePro: USD/ZAR down trend loses steam, remains on bearish path

FxWirePro- Major Pair levels and bias summary

FxWirePro: GBP/AUD tracks lower on firmer Australian dollar

FxWirePro: EUR/CAD extends fall, vulnerable to more downside

GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas

FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes

FxWirePro: USD/CNY hits 15-month low , scope for further downside

CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target

FxWirePro: GBP/USD runs out of steam but maintains bullish outlook

©Econometrics LLC . All Rights Reserved.

FxWirePro: GBP/JPY forms bearish Bat pattern, good to sell on rallies

Monday, July 3, 2017 5:40 AM UTC

Harmonic Pattern – Bearish Bat pattern
Potential Reversal Zone (PRZ)- 148.15
GBP/JPY continuing its bullish trend for past seven trading session. The pair formed minor bottom around 138.67 and jumped till 146.54 yesterday. It is currently trading around 145.75.
GBP has once again failed to break above 1.3030 and market awaits UK manufacturing PMI for further direction.
On the lower side, near term support is around 144.50 (21 EMA) and any break below will drag the pair down till 142.63 (89- EMA)/141.65 (61.8% retracement of 138.67 and 146.53).
The near term resistance is around 146.53 high made yesterday and any break above will take the pair till 147/148.10 (May 10th 2017).

It is good to sell on rallies around 146.70-146.75 with SL around 148.11 for the TP of 144.55/142.75.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025

UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs

China’s One-Child Policy Legacy Resurfaces After Death of Former Population Chief

America’s Roundup: Dollar recovers modestly in thin holiday trading ,Wall Street ends higher, Gold takes a breather after record rally, Oil settles marginally lower

FxWirePro: GBP/AUD downside pressure builds, key support level in focus

FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed

Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment

Palau Agrees to Accept Up to 75 U.S.-Transferred Migrants in Deal Tied to Increased American Aid

U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: GBP/JPY forms bearish Bat pattern, good to sell on rallies

Editor's Picks

Welcome to EconoTimes