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EUR/GBP breaking above 0.8 again

AdamFx42 Posted 18 Aug. as Analysis on EUR/GBP, Target: 0.8081, Date: 1st of October, 12:00 GMT  in #Technical analysis #EUR/GBP #Fibonacci Retracement #Daily Channel #Weekly Trend #Inverted H S
Eur/Gbp seems to be ready to break above 0.8 again,
technically this is supported by signs on the weekly and on the daily chart
On the weekly chart we find that the 88.2% fibonacci retracement has acted as support
and the pair seems to have put in a low there,
this also provides us with a weekly trendline
Eur/Gbp weekly chart
On the daily chart we find a supportline/trendline as well as a daily bullish channel
in which the pair is currently situated,
we also can see an inverted Head and Shoulder…
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3 Comments
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AdamFx42 3 Sep.

pattern has almost been cancelled but price is back at the neckline of the daily head and shoulders again
and the low of the top is not taken out, so pattern is still valid, as is target -
pair already knocking on the 0.8 door

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AdamFx42 8 Sep.

Pair has now broken above 0.8, and should become support now

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AdamFx42 11 Sep.

Fallen below 0.8 again due to Gbp strength - this can change again if Gbp weakens
because of Scottish referendum

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NZD/JPY looks ready to break 90

AdamFx42 Posted 16 June as Analysis on NZD/JPY, Target: 91.0000, Date: 1st of August, 12:00 GMT  in #Technical analysis #NZD/JPY #Fibonacci Expansion #NZD Strength #Weekly Trend #Daily Channel Up
In Nzd/Jpy it looks like there is a perfect setup for a break above 90
A daily channel up is recognized by the pattern recognition tool
and Fibonacci expansion on weekly and daily timeframe indicates a target of around 91 next month
First lets take a look at the weekly chart:
First of all we see the weekly trendline that I have drawn that is supporting price action up
and providing support on dips in Nzd/Jpy
This price action up is also supported by a strong RSI14 weekly of close to 60
If we dra…
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AdamFx42 10 July

Pair has moved up nicely above 88 - need a catalyst to bring it above 90, Nzd data should remain strong

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