Price may be forming a double top at the 157.76 weekly resistance level. 

A break of last week’s low would start to confirm the reversal.

Short term target 152.84 weekly support. Long term target 149.00 weekly support.

https://acy.com/en/market-news/market-analysis/GBPJPY-double-top-at-weekly-resistance-114408

https://www.youtube.com/watch?v=6airkA-J6QQ

GBPJPY Double Top At 157.76 Weekly Resistance?

Weekly chart is in a downtrend showing lower tops and bottoms. Price has rallied and then reversed at the 79% fib retracement level. Is a further lower top now forming on the weekly chart?

Looking for price to rally back to the 1.3571 to 1.3602 weekly resistance area. Price rallying back to this area would present an ideal opportunity to sell for the next decline in line with the immediate downtrend.

https://acy.com/en/market-news/market-analysis/gbpusd-reversal-targeting-weekly-support-110814

https://www.youtube.com/watch?v=hXxhLzA1pcI

GBPUSD Reversal Targeting 1.3168 Weekly Support?

Weekly chart is in a downtrend showing a lower bottom. Price has rallied and may be forming a lower top at the 83.97 weekly resistance level.

Looking for price to rally back to the 62% to 79% fib retracement area. Price rallying back to this area would present an ideal opportunity to sell for the next decline in line with the immediate downtrend.

Target for the next move down would be the 78.83 weekly support level.

https://acy.com/en/market-news/market-analysis/audjpy-weekly-lower-top-112053

https://www.youtube.com/watch?v=r-0y0O5qnkg

AUDJPY Weekly Lower Top At 83.97 Resistance?

Weekly chart is in a downtrend showing lower tops and bottoms. Price has rallied to the 1.3571 to 1.3602 weekly resistance area and 62% fib retracement level.

Daily chart is in an uptrend. Price has tested the 1.3602 weekly resistance level twice over the last four trading days and held. Is this where the weekly chart rally ends?

https://acy.com/en/market-news/market-analysis/GBPUSD-weekly-resistance-reversal-111528

https://www.youtube.com/watch?v=6hloeTnf_Is

GBPUSD Reversal At 1.3602 Weekly Resistance?

USDJPY has broken above 115.51 weekly resistance?

Will 115.51 now act as support for a further move higher?

https://acy.com/en/market-news/market-analysis/usdjpy-breaks-weekly-resistance-144155

https://www.youtube.com/watch?v=6HoeSkSLtAA

USDJPY Breaks Above 115.51 Weekly Resistance

A weekly double top pattern is now forming at the 85.80 monthly resistance level.

The long term target for the weekly double top pattern would be 69.90 if price clearly breaks below 77.85 monthly support.

https://acy.com/en/market-news/market-analysis/audjpy-monthly-chart-reversal-113931

https://www.youtube.com/watch?v=uJ653UiZOn0

AUDJPY Monthly Chart Reversal At 85.80 Resistance

Will the #USDJPY hold or fail at the 114.72 monthly resistance area?

The weekly chart is in an uptrend. However, last week price rejected the 114.72 monthly resistance level forming an inverted hammer suggesting a further decline this week?

Watch the video for a full break down of my analysis on how you could either trade this pair to the upside or downside, all depends on whether the 114.72 monthly resistance level holds or fails.

https://acy.com/en/market-news/market-analysis/usdjpy-potential-turning-point-on-resistance-151435

https://www.youtube.com/watch?v=fzxz2BYYTqI

USDJPY Retests 114.72 Monthly Resistance

Daily chart is in a downtrend showing lower tops and bottoms. 

Watch for price to rally back to the 1.1513 to 1.1535 weekly/daily resistance area.

Price failing at the 1.1513 to 1.1535 resistance area would present an ideal opportunity to sell for the next decline in line with the weekly double top pattern.

Long term price projection target for the weekly double top pattern remains at 1.1165.

https://acy.com/en/market-news/market-analysis/eurusd-weekly-double-top-pattern-105507

https://www.youtube.com/watch?v=dA6WkraDfe8

EURUSD Weekly Double Top Pattern Targeting 1.1165

Daily chart is in a downtrend showing a lower top and bottom. 

Target for the next move down would be 1.3411 weekly support.

https://acy.com/en/market-news/market-analysis/gbpusd-downtrend-targeting-weekly-support-101246

https://www.youtube.com/watch?v=MdI-Gmzwa14

#News #Analysis #Trading #Forex #FX #Currencies #Markets #DXY #USD #GBPUSD

GBPUSD Downtrend Targeting 1.3411 Weekly Support

The daily chart trend remains up but has sold off following the test of the 114.54 to 114.72 monthly resistance area. 

A further retest and failure at the monthly resistance area would signal a reversal in the immediate trend and present an ideal opportunity to sell at a strong resistance area.

Should price reverse the short term target would be 112.21 monthly support, followed by 110.96 monthly support.

https://acy.com/en/market-news/market-analysis/usdjpy-reversal-at-monthly-resistance-area-114701

https://www.youtube.com/watch?v=vSxCGsNpHhg

USDJPY Reversal At 114.54 to 114.72 Monthly Resistance Area

GBPUSD has rallied to 1.3806 - 79% Fib retracement level of last month's trading range.

Price failing at the 1.3800 level would present an ideal opportunity to sell for the next decline in line with the weekly double top pattern.

Long term target for the weekly double top pattern remains at 1.3100.

GBPUSD Rallies To 1.3806 - 79% Fib Retracement Level

Price is rallying back up within last month’s range. Looking for price to fail at 1.3609 or 1.3726. 

Price failing at either one of these levels would present an ideal opportunity to sell for the next decline in line with the weekly double top pattern.

https://acy.com/en/market-news/market-analysis/gbpusd-key-trading-levels-20211012112557

https://www.youtube.com/watch?v=D_5Nmd6cbTc

Duncan Cooper

Duncan Cooper

Feb 15 2022

GBPJPY Double Top At 157.76 Weekly Resistance?

Duncan Cooper

Jan 25 2022

GBPUSD Reversal Targeting 1.3168 Weekly Support?

Duncan Cooper

Jan 18 2022

AUDJPY Weekly Lower Top At 83.97 Resistance?

Duncan Cooper

Jan 11 2022

GBPUSD Reversal At 1.3602 Weekly Resistance?

Duncan Cooper

Jan 09 2022

USDJPY Breaks Above 115.51 Weekly Resistance

Duncan Cooper

Nov 30 2021

AUDJPY Monthly Chart Reversal At 85.80 Resistance

Duncan Cooper

Nov 23 2021

USDJPY Retests 114.72 Monthly Resistance

Duncan Cooper

Nov 16 2021

EURUSD Weekly Double Top Pattern Targeting 1.1165

Duncan Cooper

Nov 02 2021

GBPUSD Downtrend Targeting 1.3411 Weekly Support

Duncan Cooper

Oct 26 2021

USDJPY Reversal At 114.54 to 114.72 Monthly Resistance Area

Duncan Cooper

Oct 20 2021

GBPUSD Rallies To 1.3806 - 79% Fib Retracement Level

Duncan Cooper

Oct 12 2021

GBPUSD Key Trading Levels At 1.3609 & 1.3726