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Sun, May 19, 2024

GBPJPY Uptrend Analysis

GBPJPY is moving in an Uptrend by forming higher highs, higher lows in 4-hour time frame chart.

Now, the market is standing at 4th higher low of the uptrend line.

gbpjpy standing at the higher low of uptrend line

EURGBP Downtrend Analysis

EURGBP is moving in a downtrend by forming lower highs, lower lows in 4-hour time frame chart.

eurgbp down trend zone

Now, the market price standing at the lower high of the down trend line.

GBPCAD Descending Triangle Analysis

GBPCAD has formed a descending triangle by creating lower highs and equal lows.

gbpcad descending Triangle analysis

Now, the market price is standing at the Low level of the Descending Triangle.

Let’s wait for the confirmation of breakout or reversal.


GBPCHF Channel Analysis

GBPCHF is moving in an Ascending Channel by forming higher highs and higher lows.

GBPCHF ascending channel analysis uptrend

GBPCHF going to reach the higher low very soon. 

GBPNZD Minor Support Analysis

GBPNZD standing at the minor support level on 1-hour time frame chart.

gbpnzd bouncing up from the support

We can expect some corrective wave from this zone.

However, All GBP pairs look like standing at the key levels in the technical charts.

We need more confirmation before entering the trade.

gbp and EUR economy deal brexit

GBP remains more volatile until…

UK pound fell after UK PM Johnson commented chances of trade negotiations may be failed with European union.

UK Prime minister Boris Johnson told 38 days given to EU for trade agreement for a mutual trade deal.

If not committed to deal in this 38days period, then both sides will move on to WTO terms and conditions for the trade deal. This is good for the UK Economy.

Within October 15, 2020, If trade talks should have to be agreed, then both countries will make a smooth exit from each side.

Otherwise, worst case for both countries if WTO terms and conditions applied. Investors are more anticipated on No-deal Brexit fears, hence until October 15 volatility remains higher in UK pound(GBP).

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