AUD/USD testing major resistance, time to begin selling

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• Technical analysis of GBP/JPY for July 18, 2017 888011000 110888 All our downward targets which we forecasted in Yesterday’s analysis have been hit, GBP/JPY is anticipated to continue its disadvantage movement. The pair sped up on the disadvantage and broke below the lower limit of the Bollinger bands. The down momentum is further enhanced by both decreasing 20-period and 50-period moving averages. The relative strength index broke below its oversold level of 30. Listed below 146.70, anticipate a new drop to 146.25 and even to 144.80 in extension. Additionally, if the cost relocations in the opposite instructionsas forecasted, a long position is suggested above 146.70 with the target at 147.55. Chart Description: the black line reveals the pivot point. The price above pivot point shows the bullish position and when it is listed below pivot points, it shows a short position. The red lines reveal the support levels and the green line shows the resistance levels. These levels can be used to go into and leave trades.Strategy: SELL, Stop Loss: 146.70, Take Profit: 145.25. Resistance levels: 147.10, 147.55, and 148Support levels: 145.25, 144.80, and 144 The product has actually been supplied by InstaForex Company-www.instaforex.com
• Technical analysis of NZD/USD for July 18, 2017 888011000 110888 All our targets which we forecasted in the other day’s analysis have been hit. NZD/USD rebounded from 0.7265 and expected to continue its rebound. Although the set broke below its 50-period and 20-period moving averages, it is still trading above the crucial assistance at 0.7305, which ought to limit the drawback capacity. Although an extension of combination can not be eliminated, its degree should be limited. For that reason, as long as 0.7305 is not broken, a rebound to 0.7380 as well as to 0.7405 appears most likely to occur. Method: BUY Stop Loss: 0.7305 Take Profit: 0.7380 Chart Explanation: The black line shows the pivot point. Presently, the rate is above the pivot point which suggests the bullish position. It shows the short position if it is listed below the pivot points. The red lines show the support levelsand the green line suggests the resistance levels. Theselevels can be utilized to leave and enter trades.Resistance levels: 0.7380, 0.7405, and 0.7445 Assistance levels: 0.7265, 0.7240, and 0.7200 The product has actually been supplied by InstaForex Company-www.instaforex.com