• Boon Hooi

Weekend Analysis - 400pips and counting just on the GBPUSD

Weekly Analysis on the GBP pairs

GBPUSD D1 Chart – Bearish continuation

GBPUSD dropped over 400pips from the recent highs

Flash Manufacturing and Services PMI middle of last week gave the GBP some reprieve, but only to end up at the week’s low again. This drop is over 400pips and counting from the high on 10th June. Currently at a minor support level 1.2300

GBPUSD H4 Chart – Right at support

GBPUSD H4 Bullish Bat completing lower

The 1.2300 step serves as a support for the pair. We could potentially expect to see a bounce before the pair heads lower. Expecting the pair to see the 1.22 support or the 1.2150 levels to complete the Bullish Bat Pattern.

GBPJPY H4 Chart approaching support

GBPJPY at Buy Zone

GBPJPY retraced to the sell zone and dropped. Heading towards the support and currently the H4 chart showing an oversold RSI. Hinting to us that we could be seeing a bounce this coming week.

GBPJPY H1 Bullish Gartley Completed

GBPJPY H1 Bullish Gartley

GBPJPY H1 completed the Bullish Gartley Pattern. 3 bullish hammers before the week ended giving us a hint that this Bullish Gartley could play out to our expectations. Will be watching how the pair kick start the trading week.

GBPAUD H1 Chart Bullish Bat Pattern

Spotted a Bullish Bat on the GBPAUD H1. The pair has been dropping had and this could be the first step for a reversal.

Good luck everyone. Trade right and trade safe, the profits will come rolling in naturally.

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