The EURUSD has moved into a major resistance area on the daily chart. Price has been in an up-trend on the daily chart in recent times with price making higher highs and higher lows with price now moving into this resistance. This resistance is a long term resistance that can be seen best on the …
GBPJPY Fires Off Bearish Engulfing Bar | 8th Oct 2013
The GBPJPY has fired off a bearish engulfing bar (BEEB) on the weekly price action chart. This beeb has a large wick on it that is engulfing the previous candle. Price on the BEEB has managed to move and close below the key weekly support level which could be critical for the direction of price in …
NZDJPY Breaks Pin Bar High & Rejects First Resistance | 4th Oct 2013
In yesterdays commentary we posted about a Pin Bar that had formed on the daily price action chart of the NZDJPY. You can read the original post here: NZDJPY Fires Off Pin Bar Reversal. As discussed in that post there was a minor resistance level that was sitting overhead this pin bar that was a …
