There is strong support at 119,
The trend is volatile with large deep pullbacks, penetrating the other side of the 20EMA. We can see that these 2 big pullbacks started near 110 and near 120.
Price action becomes slightly more curved.
Hourly chart looks slightly like a weak descending channel, but it may very well continue for only a short while because the lines don’t look very steep in the large context.
EURJPY Daily – Bearish
Look like the bears have come in for EURJPY. I wouldn’t be going long this pair.
This resistance at 147 seems to have held.
We have 3 bearish candles, the bodies of each bigger than the previous candle. The last red candle is a shaved bar, with its close being at its lows.
EURGBP Daily- Bearish
Resistance at 0.82 was held even after 5 attempts. The spikes of each swing are each lower than the previous.
Price closed below the wedge/triangle, forming almost a shaved bar.
Price rejected the resistance with 2 pinbars and 4 spikes.
GBPUSD Weekly- Bearish
For GBPUSD weekly chart, price seems to be headed down to support @ 1.536
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