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EUR/GBP- Bearish Continuation

Metal_Mind Posted 16 Dec. as Analysis on EUR/GBP, Target: 0.8118, Date: 3rd of February, 12:00 GMT  in #Technical analysis #Bearish #Down #EUR/GBP #Price #Fan #Lines #Channel #Continuation
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD .
Current Level : 0.8443

EUR/GBP -is in a channel down formation from 2009 followed by regular retracements.The pair encounter a major resistance at Fibonacci fan lines 1 W (0.8819) level from where it continued the bearish channel. The price action currently moves within 50.00% & 38.20 fibonacci fan lines levels but the general trend is bearish and will continue this way. I keep my…
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4 Comments
agddivisas avatar
agddivisas 16 Dec.

Very good!

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Metal_Mind 28 Jan.

UPDATE 1 : The current price level is 0.8243 and the deviation is 143 pips above the target. THis prediction might be proven pretty close.

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Metal_Mind 2 Feb.

UPDATE 2; The trend made a short retracement. Current price level after Friday closing was 0.8200 which is a 82 pips deviation above my target. The deviation narrowed and we are closer . Preospects are good and the quality of this prediction is quite nice.The trend seems to be heading down and that is all i need . This prediction even if it's far today can be very close tommorow.

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Metal_Mind 3 Feb.

UPDATE 3 : Current price level is 0.8264 which is an 160 pips deviation from target. It is pretty far but in this market every minute makes the difference.

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USD/JPY- BREAKOUT CONTINUATION !

Metal_Mind Posted 24 Nov. as Analysis on USD/JPY, Target: 102.6700, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Japan #USD/JPY #Inflation #Breakout #Fed #Taper #Target #Continuation

Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Fibonacci Retracements,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 101.29
USD/JPY is very likely to continue its rise as the slowing recovery in Japan undermines the Bank of Japan pledge to achieve the 2% target inflation for 2015,and this deviation in the policy outlook may inflate the exchange bringing the pair to new highs as the FED recent news said it looks to taper its asset-purchase program in th…
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Metal_Mind 26 Dec.

UPDATE 1; The prediction was great but the FED decision to taper sooner overboosted the USD and now the current price level 104.76 which is 210 pips above target. Nonetheless the prediction is very good .

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