GBP/JPY tumbles to one-month lows on Brexit concerns and risk aversion...من PhoenixMan

09 Sep 2020, 18:01 · Views 906

Pound under pressure amid Brexit uncertainty falls again across the board.
Yen extends gains amid risk aversion as Wall Street drops sharply.

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Hello guys, the pair AUD/USD moved upward and break the resistance zone of of 0.72200. AUD/USD next support zone is at 0.72200 and the next resistance zone is at 0.73900. Since the result of the U.S. Presidential Election is not yet finalized, look for short-term buying opportunities of AUD/USD. What do you guys think about it?🤔

PhoenixMan

Hello everyone! the EUR/USD pair came to the support line and began to grow strongly. During the week of growth, it broke through several support lines at once. Now the price has stopped at the resistance line. I expect that the price to fall from this line. There is a support line in the middle of the channel. But the fact that before that the price showed strong growth indicates that it will be able to break this line. Good luck on trading guys!

PhoenixMan

Hello guys! EUR/USD pair price has been "stuck" at the support-resistance level for several days. I am still in the mood for a fall after such a strong consolidation in the level. Remember, I talked about this on Monday. On the daytime TF, you can see all the lines to scale. We get two overlapping channels that affect the price. Now the price is at the support-resistance level. In fact, in the middle of each of the channels. Since before that the price movement was very sharp, as well as the resistance line from which it fell on Monday is very strong, I expect a fall. The target is the nearest support line. Good luck on trading!

PhoenixMan