Greetings!! I’m here to present the pairs that will be in focus for the upcoming week at FxGump. They are GBPUSD, EURJPY & GBPJPY.

GBPUSD


Double Bottom forming??
GBPUSD has been dropping for the past few weeks. Finally seeing some hope for GBPUSD to rebound, as it seems to be forming a Double Bottom. We may see more upside if Double Bottom is completed and break past the downward sloping trendline.

Failure to complete Double Bottom may see GBPUSD drop to previous week low.

EURJPY


Day chart: At day support now


H4 Chart: Inverted Head and Shoulders??

EURJPY has hit the support we mapped out in our Trade Signal #113, probably will make another attempt to break orange zone.

We will be looking to short EURJPY if price break below yellow zone and trendline.

GBPJPY



Inverted Head and Shoulders?
Showing some sign of reversal. GBPJPY showing bullish divergence at it’s “right shoulder”. If break downward sloping trendline, next resistance level will be the neckline.

Final Comments

Trade with discipline and patience, conquer your greed and fear.

Stress-less trading is what we aiming for while doing things we love.

Patiently wait for the trade to happen, enter your order and carry on with your daily work.