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GBPUsd seems to be recovering after Brexit

Lows for GbpUsd seem to be in place at around 1.28
On the daily chart we see the huge drop after the Brexit vote
The lows were hit around 1.28, and now the pair seems to be moving back up again
MACD and Stoch (both DiNapoli based) show the pair is bullish,
and price action has broken above DiNapoli 3x3, and is looking to test DiNapoli 25x5 from below
If we zoom in on the action on the 4Hr chart we can also see a pattern:
A closing wedge pattern is forming and a breakout in GbpUsd should follow
I…
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AdamFx42 avatar

GbpUsd already moving up much higher to 1.33 area from below 1.31  - recovery is on

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After the BOE decision GbpUsd has fallen sharply again and was pushed down further by strong US data today - 1.3 has held as support for now

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Next technical target around 1.23 for EUR/USD

Eur/Usd is still showing little sign of recovery, and remains bearish
The next technical target for this pair is around the 1.23 level - as I shall explain
On the monthly chart we can see a wedge pattern, and lower border support growing near:
I believe this lower border will be eventually challenged:
Eur/Usd monthly chart
On the weekly chart we can see the fibonacci retracement levels of the last big move up,
we also see that the RSI is low, and MACD signal is bearish
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AdamFx42 15 Lis

Eur/Usd has reached a low of 1.2358 on the charts before bouncing
Currently just above 1.25 - expect it to dip below here soon

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AdamFx42 26 Lis

Back below 1.25 now, and it seems that level is resistance now - if support remains in place
around 1.24 then price will remain around my target area

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Missed by about 16 pips

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This is by far my best prediction on Eur/Usd though, so I am happy
Price action followed my daily chart prediction almost to the letter,
I must be getting better at this  :-)

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Great technical analysis

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EUR/NZD held inside a wedge pattern and going down

Eur/Nzd is moving inside a weekly wedge pattern after the first failed attempt at a breakout;
the upper border of this pattern has been pierced but the price has remained below as we can
see on the weekly chart:
Eur/Nzd weekly chart
On the daily chart we see that the RSI is still high, but MACD signal has turned bearish;
the price may go down from this point,
or there may be another attempt at breaking the upper border of the wedge pattern
if the breakout fails, than the next target should be th…
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AdamFx42 30 Paź

still the same  -- upper border holding, downmove seems to be starting up

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AdamFx42 10 Lis

Price has remained inside the wedge pattern as predicted, furthermore
daily 61.8% fibonacci expansion area has held the price on the first test as I predicted
and upper border of the weekly wedge then held price up again and price is currently
loooking to retest the 61.8% daily fib expansion now - I believe this will break

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AdamFx42 15 Lis

61.8% fibonacci expansion on the daily chart has broken and 100 % fibonacci is holding the price
above, as predicted - price is on target now - looking good

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AdamFx42 26 Lis

Price around 1.59 now- a little more Eur weakness, and/or Nzd strength should bring target within reach

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AdamFx42 28 Lis

On target now

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