Chart of the Day – GBPUSD – (August 22nd 2019)
The GBPUSD (Cable) has broken above the neckline of an inverted H&S formation on the 4h chart, following the positive statements form Merkel regarding a Brexit deal.
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Chart of the Day – GBPCAD – (August 12th 2019)
The GBPCAD came within striking distance of the 161% Fibonacci extension of the summer 2018 lows to 2019 highs.
Chart of the Day – GBPNZD – (August 8th 2019)
A few days ago the GBPNZD came out of the downtrend, and we have successfully retested the channel breakout point at the 1.8700 level.
Chart of the Day – GBPUSD – (July 18th 2019)
By definition, the descending wedge is an eventual reversal pattern. In this pair, we have made a pivot near the lows from 2019 at 1.2400 and have reversed higher.
Chart of the Day -GBPUSD- (May 30th 2019)
Although the GBPUSD went as low as 1.2580 today the fact that we are holding above the 1.2600 level tells us how important this level of support is for the end of the week.
Chart of the Day -GBPJPY- (May 28th 2019)
The GBPJPY is moving lower within a descending wedge as we surpass the 127% extension of the Feb lows to March highs.
Chart of the Day -GBPJPY- (May 20th 2019)
The GBPJPY (aka the Guppy) is closing in on some key support at the 127% Fibonacci extension of the February lows to highs and the 261% extension of the last rally at the 138.90-139.40 level.