MarketBreakdown | GBPUSD, USDJPY, BITCOIN, CRUDE OIL

Here are the updates & outlook for multiple instruments in my watch list.

1️⃣ GBPUSD daily time frame 🇬🇧🇺🇸
The pair is heading towards an intersection of 2 recently broken
falling trend line. I believe that we will see a bullish reaction from one of those.

2️⃣ USDJPY daily time frame 🇺🇸🇯🇵
The price nicely respected a solid rising trend line on a daily
and set a new higher low.

The market will most likely keep growing to a local current high.

3️⃣ BITCOIN daily time frame ₿
It feels like the market is slowing down.
After a strong bullish impulse, the price started to trade within a rising
parallel channel. The angle of the rally changed.

Bearish breakout of the support of the channel can give a strong bearish confirmation.

4️⃣ WTI CRUDE OIL daily time frame 🛢️
Looks like a bearish rally continues.
The market violated one more solid daily structure.
I suggest wait for the Powell speech first.
In case of the absence of the surprising news, I would anticipate a further bearish continuation.

Do you agree with my market breakdown?

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Kommentera:

For now, everything goes as planned