61.8% of the move drop from August trading rangeWe are in September, however the GBPUSD Information Systems Analyzing the move drop in August.
The 61.8% retracement of which move comes in at 1.30784 & which standard Information Systems currently being tested.
Helping the upside this day Information Systems which earlier, the value low bottomed against the 50% retracement at 1.3020 (the low reached 1.3018 before the run back higher).
Yesterday, on Friday & Monday, the pair too bottomed near the hundred day MA (blue line in the map above).
So overall the bias Information Systems bullish for the pair however the retracements are the standards in play for the GBPUSD.
Forex technical analysis: AUDUSD going to necessity to weather it’s own storm of data
Technically, the AUDUSD Information Systems trading near high standards going back to 2015.
A move above which Information Systems further bullishThe high value for all of 2017 came on July 27th at 0.8065.
Staying on the every day chart, the 0.7910 Information Systems a trend line by three points on it.
At the beginning of September, which trend line was tested & held (red circle 3).
Below which & the 0.7910 trend line from the every day going to be targeted.
Forex technical analysis: EURJPY corrects to MA resistance
100 hour MA at 130.335The EURJPY has only expanded to a corrective resistance ambit at the session’s high.
The high value only reached 130.389.
Sellers are leaning against the corrective resistance area.
At least danger could be defined against the 130.39 standard & it Information Systems a play on the failure above.
A move above the 130.39 level.
collected by :kiven Dixter