no nonsense forex income strategies
159,13. EUR/JPY currency pair broke 159,85 support. EUR/JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR/JPY. The price should find a support above 158,70. If the support is broken then the target will be 158,00 (115 pips).
Resistances 159,25 - 159,85
Supports 158,70 - 158,20
208,27. GBP/JPY currency pair is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP/JPY. The downtrend should continue on 207,00 (130 pips) support.
Resistances 209,45 - 210,60
Supports 208,00 - 207,00
1,9886. GBP/USD currency pair is in a consolidation after the last bullish movement. GBP/USD is in a range between 1,9785 and 1,9945. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,9785 / 1,9950 range.
Resistances 1,9900 - 1,9945
Supports 1,9865 - 1,9785
1,5194. EUR/USD currency pair is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR/USD. The price should find a resistance below 1,5170. The uptrend should continue to gather momentum. The target is expected at 1,5400 (200 pips).
Resistances 1,5230 - 1,5275
Supports 1,5170 - 1,5100
