Weekly Technical Analysis: Aug 19, 2024

EURGBP

On the 4-hour chart, EURGBP broke the previous low and created a new bottom with a potential retracement to the 61.8% Fibonacci. If price tests 0.85607 and shows enough bearish price action, we short to 0.84610 as potential target.

GBPCAD

On the weekly chart, price is moving up now around 50% Fibonacci retracement level. If price hits 1.86859 and shows enough bearish evidence to the downside, we short to 1.67175 as potential target.

AUDUSD

On the daily chart, AUDUSD found willing buyers at 0.63500 level pushing price up to 0.67149. If price shows enough bearish evidence around this level, we short to 0.65651 as potential target.