Greetings, dear colleagues, subscribers of the Investing project and my humble person.
Today, forecasts using the buy / sell (support / resistance) zones with an accuracy of 70% -75% for GBP / USD, EUR / GBP, USD Index, GBP / JPY & GOLD.
1. After testing the support level in the region of 1.2779, false breaking through and returning to the “bull” direction, the price came close to the resistance level of 1.2850, which is most likely to be broken, and the price rushes to the sales (resistance) zone at 1.2970, where already in terms of volume, we will look at the likely continuation of the trend. In the meantime, we are looking for patterns to enter long positions with a target of 1.2970.
2. It has not been with us for a long time. And the reason is extremely simple: a strong permanent growth of more than 300 points did not leave us a chance to try to enter the market profitably. And we returned to this tool because of breaking through the resistance zone and the subsequent correction already to the zone of purchases (support) at the level of 0.8590, where growth is forecasted with the target of 0.8674. Therefore, we are looking for patterns to enter the market in the bullish direction with the target of 0.8674.
3. At the moment, it provides an excellent opportunity for profitable entry into the market in the sales (resistance) zone at the level of 139.42 with a target of 135.62. However, it should be clarified that this model of achieving the goal in the region of 135.62 has one more option – this is growth to the sales area at around 141.00 and from there the search for patterns for entering the market in SELL.
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And for today, dear colleagues, that’s all. Do not forget to subscribe to the publications of the Investing project and to my humble person. And remember: "Forecast is not an indication of action, a pattern is an indication."
Forex forecasts using buy / sell zones with an accuracy of 70% -75%.
Forex Forecasts 03/02/2020 on GBP / USD, EUR / GBP, USD Index, GBP / JPY & GOLD.