EUR/USD - Euro Dollar
1,5357. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,5220 (140 pips) support.
Resistances
1,5380 - 1,5400
Supports
1,5285 - 1,5220
GBP/USD - British Pound Dollar
1,9551. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a resistance below 1,9610. The downtrend should continue on 1,9400 (150 pips) support.
=> We could take a short position at 1,9560. We will put the stop loss above 1,9620 (-60 pips). The targets are 1,9500 (+60 pips) 1,9400 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,9610 - 1,9650
Supports
1,9500 - 1,9400
USD/JPY - Dollar Yen
104,44. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
104,45 - 105,00
Supports
104,00 - 103,75
GBP/JPY - British Pound Yen
204,03. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 204,40. The downtrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
204,40 - 205,30
Supports
203,50 - 202,50
EUR/JPY - Euro Yen
160,03. EUR JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The consolidation should continue. The price should continue to move in 159,00 / 160,50 range. If the support is broken then the target will be 158,40.
Resistances
160,40 - 161,60
Supports
159,10 - 158,40