EURUSD: the 1/2R Resistance (off 2017 low) was again approached this week, see probe in March. Price printing time above this level would put EURUSD in a stronger position with next Resistance at the Value Area High at 1.1681
GBPUSD ST strong position but LT bias is down
Dollar Index chart updated
Dollar Index – The Major Value Area High at 99.50 was probed again this week, as in September. Looks like rejection, but acceptance (time) at or above this level would be bullish.
GBPUSD chart update
from 10th Feb: The major poc has just migrated lower, back to 1.2933 (from 1.3128). Price below that level would be a weak position. GBPUSD currently prints very close to that Support.
Dollar Index in weak position at end of week
Dollar Index – Last week there was a rejected probe of the 1/2R Resistance at 98.0. Price declined sharply at the end of the week and the 3yr poc Support at 97.38 was tested. Price below that level would be a weaker position.
GBPUSD update
The major poc has migrated to GBPUSD 1.3128 from 1.2933. Time printed above 1.3208, the minor 1/2R off Dec high, (dashed line on chart) would put GBPUSD in a strong position.
EUR to USD in weak position
EUR to USD ended the week below Support. Earlier in the month there was a rejected probe above 1.1216, the major poc Resistance. EURUSD declined from there and ended the week below 1.1058, the 1/2Range off October low, in a weak position.
GBPUSD holding major support
GBP to USD 24th January 2020 GBPUSD has held major support at 1.2933 since early December. I wrote on 24th Dec “GBPUSD has rallied strongly from early October and had been printing above the 1.3130 major poc. That poc has now migrated to 1.2933 (now Support) and GBPUSD needs to hold that level to remain […]
GBPUSD non-reportables approching extreme position
GBPUSD non-reportables approaching extreme position. They have a poor record. Price below the 1.2933 controlling price, red line, would put the chart in a weaker position.
GBPUSD chart 15th February
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