The pound/dollar pair is trading flat in the morning session and is holding near the 7-week low. The pound is pressured by the rising uncertainty around the UK and EU relations after Brexit. Last week, the British pound depreciated against all other majors amid this background. In the first half of the day, the pair is likely to go through a moderate upward correction. However, the downtrend should prevail on the pair. The pair is currently trading under bears’ control. A possible pivot point is seen at 1.2885, and I’m planning to sell below this mark with the targets at 1.2775 and 1.2725. Otherwise, the pound/dollar pair will start to rise and will break above the level of 1.2885. After settling there, it may continue the correction to the levels of 1.2905 and 1.2925.

The GBP/USD pair is trading at 1.2825 - that is above Friday’s low of 1.2754. This price is significantly lower compared to this month’s high of 1.3485. On the 4-hour chart, the price is below the 50-day and 100-day exponential moving averages (EMA), while the relative strength index (RSI) is moving below 30, suggesting an oversold situation. The MACD line and its signal line are at the lowest level in months. Consequently, since issues related to Brexit remain unsolved, the pair is likely to continue going down as bears’ target is the level of 1.2500.

The dollar/yen pair declined moderately during the Asian session. The pair is now trading slightly below the closing levels of the previous week. The Japanese yen is strengthening against the greenback amid relatively positive economic data from Japan. Apart from that, the pair is moving downward due to the weakening of the US dollar against the basket of major currencies. In the first half of the day, I do not expect any significant movements of the instrument. Some upward correction may occur. In general, the downtrend is a priority. The estimated Pivot point is at 106.35. I am going to sell below this mark with the target levels at 105.75 and 105.55. Alternatively, the dollar/yen pair may rise above the 106.35 marks and consolidate. Then, the pair may go up to the levels of 106.45 and 106.55.

Euro vs gbp price Analysis It’s a very nice morning and we are very happy that the weekend is over and the market is running. We now have to face the two steps that can be gained or lost by trading in the Forex market. People are usually very excited on the opening day and receiving new week bonuses but I urge you to be patient and trade legitimate signals which is why you should have enough patience and sufficient market analysis ability with respect to money management and enough power to stop loss with every business. Set. I will share my view about Euro vs. GBP price. We know the bad time is going on in the pound but it will end soon when all the high impact news for the pound is released this week. We know the pound currency very crazy and volatile pair so at any time this price will get back to its 500 pips. The .9250 level is around our monthly chart as well as weekly chart we have three more tops so that we can have a long position here which will give us a good profit.

Update: 616 @ 14.09.2020 @ 06:37 AM (GMT+6) Greetings everyone! We are back! Its mean that the market has been open already as usual but I was expected some market gap but we did not see although it was better news for those traders who has trades on last week. Trades Update: Last week I have put some trades on Crude Oil, actually I was not wrong with my crude oil buy order, still I am not wrong but trades are floating with loss now. Last week my trades went to good profits but I did not close it to get higher profits. And I am too much confident about my trades because still I am looking forward here a potential buying chances with crude oil and by this week the price of crude oil may reach above $40 of its price. Analysis of Crude Oil: Since couple weeks due to COVID-19, we have seen some major bearish breakout from Crude Oil although I was too much surprised to see the bearish breakout from Crude Oil but it seems that the price has created a strong support level just around $36 of its price and right now the crude oil price is trying to pull back its price to bullish trend and exactly right now the crude oil is trading above $37.40 price level and overall today i am looking f

Good morning everyone .Hope and pray that everyone can get good profit this week .Today me going to analysis the EURUSD pair .As per my analysis the pair will now move higher which i indicated last week itself .My prediction is that the pair will come near the 1.1900 mark and then there will be some fall before any kind of breakout happens here .As in downside if the pair breaks the 1.1810 level ,then it will push itself more deeper towards the 1.1770 and then towards the 1.1720 level but now it seems the pair rejected the 1.1810 level and going upside .Though if we look at the h4 timeframe overall structure we can see that the pair shows the bearish trend . Me having a open buy order in GBPUSD as me predicted last day that there will be upside move here .

Hi grasper, GBPUSD market made strong bearish movement on Friday and there was also high volatility in the market due to the strong bearish pressure and buyers were struggling to hold this pair above the resistance level but unfortunately they failed and the pair broke below the 1.2800 level. I'm further expecting the downfall to continue this week after the market opening.

Good morning forum members and friend, today i a seeing that in the eur-usd pair especially on the h1 time frame, i see that there is a strong resistant and the bullish power is still showing a weak signal domination and in h4 time frame there is a slight bearish signal, so based on this condition i am trying to make sell order with eur-usd pair, hopefully that this position will bring me some profits.

Greetings and good morning everyone. Hope everyone is fine and enjoyed your weekend. Boring time is over and it's time to start trading again. I am suffering with my account attachment problem till today. No new dollar has been credited to my Instaforex account due to this attachment problem. Hope this week my attachment problem will be solved. This is really pathetic that for the first time i changed my trading account after five years and it's giving me such pain. I just tried to attach my linked account instead of my old account for limited time. Let's see what will happen next mates. What do you think that how could i solve this problem now. I can't open any new account with different documents as it's strictly prohibited in rules. Mr. Aviz and MT5 guru mates advised me to wait till solution. :respect: Hope for the best and keep me in your prayer mates. Stay at home and stay safe mates. Wish you all the best for the next week trading mate.

Greeting and good morning, Market already open, USD currency start to creating bearish candle and gold start to creating bullish candle, today i thought USD currency will start with bullish candle and will continue to move bullish side, but i see it started with bearish candle and still looking bearish side, but i think today market will not move high, because there are no more high impact news available for today. I thought today Gold will go on bearish side but now i see it moving on bullish side, yesterday i also prepared to enter in this metal for short position and i assume today it will break 1920 level and will help me to enter in this metal for short position, but it standing at 1947 level and today it also break 1950 level, i think it will break that level again but this time is not good time to make buy order, i think after breaking 1990 level will be good point to make buy order and if this metal break that level then i will try to take my position. What are you thinking guys about this metal? will it go upside or downside?

Crude oils destination is 40 dollar so in this week it will move towards this level and most probably it will make it place in that position within this week so at this moment i feel crude oil is good for buying so i will go for buying option for crude oil best wishes for you dear friend

Hi friend, Greetings and good morning to you. First of all many many thanks to make trade through GBPUSD pair on Buy order, the gbpusd pair is now moving to upside. i think it will reach today more upside to 1.2900 price. the eurrusd price will make upside movement too because the usdx will lose its power. best wishes for you friend