Daily analytical report (07/09/18)

  • On Friday, we have three nice occasions with the British pound. The first one is the sell signal on GBPCAD, which will be triggered when the price breaks the orange horizontal support and the black upwards trend line. Yesterday's candle is a beautiful shooting star bouncing from the downwards trend line. That is really a very clean bearish setup!
  • The second one is GBPJPY, where the price bounced for the second time from the combination of a few important resistances. Buyers have only one support left – 142.6. Once this line is broken, we will have a huge sell signal.
  • GBPUSD is mostly waiting for the NFP data, but the sell signal is very close. The price is bouncing from the long-term downwards trend line and is creating a right shoulder of the H&S pattern. Once the neckline is broken, we will get a proper sell signal.

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