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WINEGOTRADES Updated 

The GBP/JPY pair has shown a significant turnaround, bouncing back strongly from a critical support zone. This resurgence is in line with the overall upward trend seen in GBP pairs, largely due to the Japanese yen's weakness stemming from the Bank of Japan's accommodative monetary policy. From a technical standpoint, the 4-hour chart reveals a notable pattern....

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The British Pound (GBP) has demonstrated a notable recovery in recent trading sessions, regaining some upside momentum on Friday. Despite this rebound, The GBP/USD pair's technical setup suggests that a rally towards the 1.3400 psychological level is necessary before any further drop. The pair's ability to breach this level will likely determine its short-term...

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The USDJPY pair is currently trading within a well-defined upward channel, showcasing a bullish trend that has been unfolding over recent periods. This upward trajectory is supported by a series of higher lows, with the most recent formation occurring near the 147.40 support level. The pair's ability to hold above this level and potentially bounce off the...

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The EURUSD pair rebounded from the 1.160 resistance level after the NFP report last Friday, forming a Double Top pattern on the 4-hour chart. This pattern is a strong indication of a potential bearish reversal. With the price having broken below the neckline, it's now approaching a retest of this level and the previously broken trendline. Key areas to watch...

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The GBP/JPY currency pair has exhibited a strong bullish reversal from a key demand zone, indicating renewed bullish momentum. This pair continues to follow the broader bullish bias observed in GBP crosses, with the Japanese yen (JPY) weakness primarily driven by the Bank of Japan's (BoJ) dovish policy stance. Technical Analysis (4H Chart) Upon examining the...

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The USD/JPY pair has been trading sideway since July H4 chart. I expect it to maintain the status quo. A fall is eminent as price is at selling zone

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GBPJPY now set to rally after testing August low. overall trend sentiment is bullish

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US Dollar may struggle to preserve bullish momentum. On the chart is H&S chart pattern, signifying price reversal.

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Euraud overall trend is bullish. I am expecting price to visit March low where it will find support. This will give more confirmation to go long on EURAUD.

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The greenback strengthened late last Friday, amid higher US yields and some risk aversion. The US 10-yield rose to 1.35%. Economic data from the US showed higher than expected PPI inflation in August. Consider buying the dollar because it would strengthened further this week. Noticed DXY broke the counter trendline and it would advance to 93.16 resistance.

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GBPUSD tested 1.3880 handle and got rejected twice by strong selling pressure thus, forming a double top chart pattern. The market is in a strong selling pressure to test four hours support (1.3730). The break of 1.3730 support would cause price to plummet to test 1.3600 psychological level which is four hours demand zone.

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NZD/USD has approached the descending trendline that has been in place for sometime. As we are expecting NZD weakness, it would push NZDUSD down

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Two weeks ago we milked cadjpy hardly. here is another opportunity to sell

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AUDJPY could be in a bigger weekly correction where we may another move down. Also I am anticipating JPY strength which could make this pair move in my favour.

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Consider sell aussie (AUD/USD) when price breaks 0.7410

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Price is approaching major descending trendline, where we will be looking for bearish price-action.

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EUR/JPY is within a parallel descending channel and price as approached the channel resistance. JPY strength would help push EUR/JPY down.

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Gold is at a critical zone although, I am expecting a drop if price is rejected.