Weekend Analysis - 400pips and counting just on the GBPUSD
Weekly Analysis on the GBP pairs
GBPUSD D1 Chart – Bearish continuation
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
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 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 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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