EUR/GBP Technical outlook and review
4hr TF.
Technically not a lot has changed since the last analysis as price is still seen trading between the 4hr S/R flip level at 0.79679 and 4hr demand below at 0.78862-0.79048.
Temporary 4hr resistance is seen between 0.79586-0.79534, and this is all, at the time of writing stopping price from hitting the 4hr S/R flip level at 0.79679. Considering we have just traded out of daily demand at 0.78862-0.79206, this aforementioned temporary resistance area is likely inclined to see a break north very soon. However before this happens be prepared for a retracement to at least down to a very minor demand area (circled) around 0.79388.
Pending/P.A confirmation orders:
• Pending buy orders (Green line) are seen just above demand (0.78862-0.79048) at 0.79076. A pending buy order is placed here due to the aforementioned 4hr demand area’s location in the higher timeframes (Within the compressed green arc from weekly demand: 0.76931-0.78623… Seen on Monday 7th July analysis), and daily demand at 0.78862-0.79206.
• No P.A confirmation buy orders (Red line) are seen in the current market environment.
• Pending sell orders (Green line) are seen just below the S/R flip level (0.79679) at 0.79641. Our rationale behind placing a pending sell order here is simply because this was a decision point area made at the aforementioned S/R flip level during NFP Thursday, meaning pro money were certainly active, and unfilled sell orders are more than likely still lurking there.
• No P.A confirmation sell orders (Red line) are seen in the current market environment.
• Areas to watch for buy orders: P.O: 0.79076 (SL: 0.78846 TP: Dependent on price approach) P.A.C: No P.A confirmation buy orders are seen in the current market environment.
• Areas to watch for sell orders: P.O: 0.79641 (SL: 0.79747 TP: Dependent on price approach). P.A.C: No P.A confirmation sell orders are seen in the current market environment.
Technically not a lot has changed since the last analysis as price is still seen trading between the 4hr S/R flip level at 0.79679 and 4hr demand below at 0.78862-0.79048.
Temporary 4hr resistance is seen between 0.79586-0.79534, and this is all, at the time of writing stopping price from hitting the 4hr S/R flip level at 0.79679. Considering we have just traded out of daily demand at 0.78862-0.79206, this aforementioned temporary resistance area is likely inclined to see a break north very soon. However before this happens be prepared for a retracement to at least down to a very minor demand area (circled) around 0.79388.
Pending/P.A confirmation orders:
• Pending buy orders (Green line) are seen just above demand (0.78862-0.79048) at 0.79076. A pending buy order is placed here due to the aforementioned 4hr demand area’s location in the higher timeframes (Within the compressed green arc from weekly demand: 0.76931-0.78623… Seen on Monday 7th July analysis), and daily demand at 0.78862-0.79206.
• No P.A confirmation buy orders (Red line) are seen in the current market environment.
• Pending sell orders (Green line) are seen just below the S/R flip level (0.79679) at 0.79641. Our rationale behind placing a pending sell order here is simply because this was a decision point area made at the aforementioned S/R flip level during NFP Thursday, meaning pro money were certainly active, and unfilled sell orders are more than likely still lurking there.
• No P.A confirmation sell orders (Red line) are seen in the current market environment.
• Areas to watch for buy orders: P.O: 0.79076 (SL: 0.78846 TP: Dependent on price approach) P.A.C: No P.A confirmation buy orders are seen in the current market environment.
• Areas to watch for sell orders: P.O: 0.79641 (SL: 0.79747 TP: Dependent on price approach). P.A.C: No P.A confirmation sell orders are seen in the current market environment.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.