The EURJPY has formed a Bearish Engulfing Bar (BEEB) on the daily chart. Price moved up and tested resistance before moving lower to close near the sessions lows. Support comes in close for this pair around 94.20. Price at a previous attempt to break this support saw price go higher. This market …
Gold BEEB Recap
The Gold Bearish Engulfing Bar (BEEB) that was covered in yesterdays charts in focus blog here has seen price move lower during yesterdays sessions. Price broke the low of the BEEB and quickly moved lower into the next support area. From this area we may see price move higher back to test the …
GOLD Bearish Engulfing Bar
Gold has overnight produced a small Bearish Engulfing Bar (BEEB) on the daily chart. This BEEB is small but is also formed at a key resistance level. Gold has been in a range for the last few months with price unable to break out either higher or lower. Price is now sitting at the top of this range …