Good morning traders! The weekend is drawing closer and so is the Jackson Hole Symposium. While that could strongly affect the Euro, today we have a host of GBP data so here i have some GBP charts ready. Expecting GBP to show it's teeth quite soon, whether it's today or next week, best be prepared and not overleverage or overexpose.
Charts! Here they come!
EURGBP daily. The bearish wedge is busto and did quite an overshoot but look at where we are historically. This makes it an attractive short but careful of todays GBP data and this weekend's JH
GBPUSD yeah the trendline i was looking at is busted the other one is coming right up. Thinking we might get some support around the 78 fib and a ripper.
DAX daily. Denied!
STEEMBTC daily update. Wait, no update, as we are at the same place. Still looking to get above those two lines to take some of that downward pressure off.
BTCUSD didnt even complete H&S target and neither did it reach the 38% fib, this means it's still bullish. Still, as traders we must not chase but always be on the lookout on dips. Well sometimes you can buy at the market price ;)
LTCUSD ooh an ascending triangle preparing for a breakout?
That's all with the charts, we have GBP data in half an hour so forex traders, grab your popcorn. Feel free to leave a trading related comment below. Thank you all for reading and trade safe!
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