Friday, October 19, 2018

Major currencies opportunities for Rebound and profit-taking areas


EUR USD Rebound Areas and Take Profit areas
Yesterday's declines are only part of the larger picture as the pair maintained the highest support at 1.1400 and the beginning of a bullish trend on the MACD after it was subjected to great selling pressure, but the retreats will provide the appropriate buyers momentum to re-target the critical resistance area 1.620 so we recommend buying and leaving the targets open Currently we are testing the 1.62 area and we decide whether to continue the original targets around 1.18 or close the split at that level

Euro JPY Rebound Areas and Take Profit areas
Despite yesterday's sharp declines, the pair maintained the highest support at 128 and rebounded from 128.80 as positive signs started to appear
The MACD appears to be able to target the initial resistance at 129.30 so we remain positive with buying opportunities and targets around the 130.40 areas and trading above confirms the trend towards 132 levels during the coming week

GBP JPY Rebound Areas and Take Profit areas
Despite the warnings of the impact of the British negotiations faltering around the Irish border, but the falls remained within the scope of the expectation and stood the support 145.50 and confirmed the pair to break through the initial resistance 147.30 which breached it confirms the direction of the pair towards our targets expected at 149 and 152 so we recommend buying now without major concerns

GBP USD Rebound Areas and Take Profit areas
Despite warnings of the impact of British negotiations faltering around the Irish border, but the falls remained within the scope of the expectation and held support 1.2950 despite the recovery of the dollar index with positive signs on the MACD
We expect to breach the resistance level at 1.3164 to confirm the positive direction of the breach of 1.3250 so we prefer to buy while sticking to the main target 1.35 and from 1.4 to 1.4

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