Dear traders,

Last time I shared with you my thoughts on GBPJPY.

Price did go in the expected direction.

GBPJPY went down over 250 pips before bouncing back from the major support zone that I was eyeing.

Since then the trend has changed two times and price went up and down again.

Currently, it is locked in a range closer to the support level.

EURUSD Trading Analysis 22.04.2021

Today, I am looking at the EURUSD pair.

Price has pierced through a major resistance level and has tested it from above.

Currently this level acts as an area of support.

The daily candle is a bearish rejection candle or a pin bar-ish looking formation.

In the next trading session, I will be looking for the price to come down a little and ideally form a bullish candlestick on the 4H chart.

If I receive this confirmation from price, I might go long.

My potential first target would be 1.2150.

But again, this all would depend on how price is revealing itself.

Happy trading,

Colibri Trader

(Visited 492 time, 1 visit today)