Blogs

GBPJPY H4 | Bouncing off 23.6% Fibonacci Level

Forex

TitleGBPJPY H4 | Bouncing off 23.6% Fibonacci LevelTypeBullish BouncePreference:GBPJPY is bouncing off the pivot at 179.821, the pullback support that also aligns with the 23.6% Fibonacci retracement level. The price could continue rising to the 1st resistance at 182.195, the swing-high resistance.Alternative scenario:The price could pullback and r

XAUUSD H4 | Potential bearish breakout

Forex

TitleXAUUSD H4 | Potential bearish breakoutTypeBearish BreakoutPreference:XAUUSD could break out of the pivot at 2064.042, the multi-swing low support, and could fall to the 1st support at 2037.288, the overlap support level.Alternative scenario:The price could potentially rise to the 1st resistance at 2090.795, the swing-high resistance level.To d

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