#EURNZD : Bullish Continuation Toward Key Targets
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EURNZD is showing early signs of bullish continuation after a strong impulsive move from the recent demand zone.
Price has successfully reacted from the highlighted support area, confirming buyer interest and structure defense.
Following the pullback, price is now consolidating above demand, suggesting a potential continuation to the upside. As long as the demand zone holds, bullish momentum remains favored.
Upside targets are clearly defined at prior supply areas:
First target around 1.9776
Second target near 1.9855
Extended target toward 1.9910
You may find more details in the chart.
Thank you and good luck! ๐
@tradingview #forex #forexsignals #forextrading https://t.co/3p2w6p5zqy
Ethiopian Construction Works Corporation together with other state owned firms delivered a total of 535 km of roads at a cost of $607.57m in October and the government allocated another $573.65m for the construction of 351 km roads.
Just like Burkina Faso, Ethiopia has shifted the attention to equipping state owned construction companies and their engineers. It's a great policy of pouring money right back into the economy.
#GBPJPY: Double Top Signals Potential Trend Reversal
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GBPJPY is showing clear signs of exhaustion after an extended bullish move, with a well-defined Double Top pattern forming near the recent highs.
Price was rejected twice from the same resistance zone, indicating strong selling pressure and weakening bullish momentum. Following the second rejection, the pair broke below the short-term support area, confirming bearish movement.
From a technical perspective:
The double top highlights a possible trend reversal
Bearish continuation could target 208.60, followed by 206.90, and potentially 204.65 if selling pressure accelerates
From a fundamental angle, JPY remains highly sensitive to Bank of Japan commentary and intervention risk, while GBP strength has started to fade after an aggressive rally. Any renewed risk-off sentiment or BOJ signals could further support downside continuation.
You may find more details in the chart.
Thank you and good luck! ๐
@tradingview #forextrading #forexsignals #forexanalysis https://t.co/dtmq2HQMen
@access_more How can a bank frustrate people like this???? How embarrassing to wait for hours to make payment of service already rendered. What a useless bank . Who do us for this country !!!
#USDJPY : Bullish Recovery PossibleโBut Very High Risk
https://t.co/2wyul65mEs
USDJPY is forming a very risky bullish setup after completing what looks like an ABC corrective structure.
Price is signaling temporary bullish momentum, but the overall structure remains fragile.
The first challenge is the nearby resistance around 156.37, where the price may face rejection before any continuation. If the price moves above 156.37, the likelihood of further increases should become higher.
Targets:
๐ธ 156.900
๐ธ 157.500
You may find more details in the chart!
Thank you and Good Luck!
@tradingview #forexsignals #forexmaket #forextrading
https://t.co/N4QnaeEANV
#GBPJPY: Potential Range Trading Setup - Remains Intact
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From the last analysis I posted, GBPJPY fell by almost -115 pips, but everything was wiped out again.
The price could not fall any further, so we may see a larger correction taking place before GBPJPY takes a clear direction.
Overall, our analysis remains intact, considering that the price did not move much from its primary position.
Considering that it is still August, volume is still low and nothing is taking direction in general, so with the new month we may see movement and perhaps GBPJPY may start the swing move we are expecting.
The first support level is around 198. If this level fails, the next likely targets are 196.50 and 195.50, as shown on the chart.
You may find more details in the chart!
Thank you and Good Luck!
@tradingview #forex #forexsignals #forextrading #
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