Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/JPY awaits to perform a rebound
2019-11-11 • Updated
The GBP/JPY pair has been staying in a bearish tone since January 8th. Currently, it’s testing the Fibonacci level of 78.6% at 152.15, where we could expect a rebound in order to follow the overall bullish bias towards the resistance level of 154.11, at which lies the -23.6% Fibonacci target. To the downside, a break below 151.76 should expose the December 22th lows around 151.00.
RSI indicator stays in the oversold territory.
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WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
