Morning Daily Candlestick Analyses for H1BO: February 9, 2021.
EURUSD touch 1.2060, previous support area overnight and that could be key before going higher.
GBPUSD tested TL resistance, 1.38 just above where we currently trade, above that could be a lot of bear stops.
USD returning a lot of those recent gains. 104.80 is support, but below that we could see a retest of the wedge breakout arear, huge!
GBPJPY accelerating higher. Far from their MA's, perhaps we see some consolidating before the next leg up.
AUDUSD wedge resistance could be target for bulls, we could be forming a bull flag before the next leg higher. 0.7750 key.
GOLD recovered since last Thursday's sell off and then some, bull look in control and that BO looks like a false one. 1817 could be support before the next rally.
Good Luck!
GBPUSD tested TL resistance, 1.38 just above where we currently trade, above that could be a lot of bear stops.
USD returning a lot of those recent gains. 104.80 is support, but below that we could see a retest of the wedge breakout arear, huge!
GBPJPY accelerating higher. Far from their MA's, perhaps we see some consolidating before the next leg up.
AUDUSD wedge resistance could be target for bulls, we could be forming a bull flag before the next leg higher. 0.7750 key.
GOLD recovered since last Thursday's sell off and then some, bull look in control and that BO looks like a false one. 1817 could be support before the next rally.
Good Luck!