Skip to content An emerging Channel Up pattern in its final wave has been identified on the GBPJPY 1 hour chart. After a strong bullish run, GBPJPY is heading toward the upper triangle trendline, with possible resistance at 214.2007. If the resistance holds, the Channel Up pattern suggests a rebound toward current levels.
NGC/USD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 16 hours.
EURUSD is once again retesting a key horizontal resistance level at 1.1703. This level has been tested 4 times recently and could see another bounce, as it did last time. However, after so many attempts, it may be ready to start a new trend.
LTCUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 3 days and may test it again within the next 19 hours.
BRN/USD is moving toward a level at 99.5720, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If BRN/USD continues on its current trajectory, we may see it move toward 99.5720 […]
XAUUSD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
ETHUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 12 days and may test it again within the next 3 days.
An emerging Channel Up pattern in its final wave has been identified on the GBPJPY 1 hour chart. After a strong bullish run, GBPJPY is heading toward the upper triangle trendline, with possible resistance at 214.2007. If the resistance holds, the Channel Up pattern suggests a rebound toward current levels.
