Bearish reversal at pullback resistance?Fiber (EUR/USD) has rejected off the pivot, which has been identified as a pullback resistance, aligning with the 50% Fibonacci retracement and could drop toward the 1st support.
Pivot: 1.1461
1st Support: 1.1324
1st Resistance: 1.1510
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
EURUSD 15M – Breakout and Pullback Strategy
On the 15M timeframe, price is trading around key levels. Two clear scenarios based on breakout and pullback.
Key Levels:
Pivot Point: 1.14500
Resistance: 1.14693
Support: 1.14240 / 1.14048
Scenario 1 – Bullish Setup (Long):
Price breaks above 1.14500. Wait for pullback to retest 1.14500 as support. After bullish confirmation, enter long.
Entry: On pullback to 1.14500 after confirmation
Stop Loss: Below 1.14240
Target: 1.14693
Invalidation: Price closes back below 1.14500
Scenario 2 – Bearish Setup (Short):
Price breaks below 1.14240. Wait for pullback to retest 1.14240 as resistance. After bearish confirmation, enter short.
Entry: On pullback to 1.14240 after confirmation
Stop Loss: Above 1.14500
Target: 1.14048
Invalidation: Price closes back above 1.14240
Pro Tips:
1. Do not chase the breakout. Always wait for the pullback.
2. The pullback gives a better entry with lower risk.
3. Confirm the retest with price action on lower timeframes.
4. Patience is key.
My Personal View:
I am watching two setups. Above 1.14500 with a pullback, I will look for longs to 1.14693. Below 1.14240 with a pullback, I will look for shorts to 1.14048.
Not financial advice. Trade at your own risk.
Tags: EURUSD, Forex, Breakout, Pullback, PivotPoint, PriceAction, TradingView
Potential bullish continuation?Dragon (GBP/JPY) is falling toward the pivot, which acts as a pullback suport that aligns with the 50% Fibonacci retracement and could bounce toward the 1st resistance.
Pivot: 216.28
1st Support: 214.12
1st Resistance: 219.57
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party. EURUSD H1: 1.14470 Ceiling, 1.14110 Floor — The Break is the Key▪️ EURUSD H1 SNAPSHOT — EXECUTIVE SUMMARY
▪️ the Euro is rotating near 1.14299 inside a well-worn range, respected on both sides. Price is fair-valued between supply and demand.
▪️ Primary outlook is neutral — 1.14110 is the level to watch; the range holds until it doesn't.
▪️ Key resistance zone: 1.14470, leaned on 11 times. Above that sits 1.14870 as the extended ceiling.
▪️ Major defense line: 1.14110 — a strong level at 18 retests, the floor that has repeatedly turned price.
▪️ Primary downside targets on a break: 1.13800, where liquidity pools.
▪️ Major liquidity magnet below: 1.14110–1.13800 — the pull if the floor cracks.
▪️ Bullish scenario: A daily close back above 1.14470 re-opens the topside toward 1.14870.
▪️ KEY LEVELS
RESISTANCE
▪️ 1.14870 — ★★★★ 8.4 Very Strong · 33 retests
▪️ 1.14470 — ★★★ 7.3 Strong · 11 retests
SUPPORT
▪️ 1.14110 — ★★★ 7.5 Strong · 18 retests
▪️ 1.13800 — ★★ 6.6 Moderate · 4 retests
▪️ ProjectSyndicate Levels Desk — Overview of key S/R zones for EURUSD, FX, metals, indices. NVDA, NQ, ES & GC traders every week. Subscribe to stay up to date with the latest levels. USDJPY H1: Why 162.450 Is the Only Level That Matters▪️ USDJPY H1 SNAPSHOT — EXECUTIVE SUMMARY
▪️ the yen keeps bumping its head near 162.414, unable to clear the supply that caps it. Each rally into resistance is being sold.
▪️ Primary outlook is bullish — 162.450 is the ceiling that has to break. Dip buyers will get paid.
▪️ Key resistance zone: 162.450, leaned on 18 times — a proven seller shelf. There is little labelled supply above it, so a break runs into open air.
▪️ Major support beneath: 162.270 — a moderate level at 19 retests, the floor that must hold to keep the base intact.
▪️ Primary downside targets: 161.870, then 161.630, where buyers previously stepped in.
▪️ Major liquidity magnet below: 161.630–161.280 — a flush into this pocket often marks the low.
▪️ Bullish scenario: If buyers reclaim and hold above 162.450, the path opens toward 162.450 as the primary upside objective.
▪️ KEY LEVELS
▪️ Current Price: 162.414
RESISTANCEs
▪️ 162.450 — ★★★ 7.8 Strong · 18 retests
SUPPORTs
▪️ 162.270 — ★★ 6.2 Moderate · 19 retests
▪️ 161.870 — ★★★★ 8.6 Very Strong · 15 retests
▪️ 161.630 — ★★★ 7.3 Strong · 7 retests
▪️ 161.280 — ★★★ 7.2 Strong · 8 retests
▪️ ProjectSyndicate Levels Desk — Overview of key S/R zones for FX, metals, indices, NVDA, NQ, ES & GC traders every week. Subscribe to stay up to date with the latest levels. Fundamental Market Analysis for July 20, 2026 GBPUSDThe pound enters the new week with some support from a more stable assessment of UK policy. Expectations of a restrained approach from the new fiscal team and recent signs of economic resilience have eased some budget-related concerns. High energy costs also maintain the possibility of a firm Bank of England stance, meaning the UK domestic backdrop is not uniformly negative for the currency.
Nevertheless, external factors are having a stronger influence during the current session. Escalating tensions in the Middle East are increasing demand for the US dollar, while higher oil prices are adding to global inflation risks and supporting US Treasury yields. This is particularly important for the pound, as dependence on imported energy and a weaker external environment could limit demand for the British currency.
Support from greater political clarity and expectations surrounding the Bank of England may slow the decline in GBPUSD, but it does not yet provide a sufficiently strong counterweight to the US dollar. The market also remains cautious ahead of new UK data, which will need to confirm the resilience of inflation and the labor market. If demand for the US currency persists, the priority remains a moderate downside scenario for the pair.
Trading idea: SELL 1.34550, SL 1.34900, TP 1.33850 GBP/AUD — SELLReason: The Reserve Bank of Australia maintains rates at 4.10% while the Bank of England holds at 3.75%, giving AUD a 35bp yield advantage. More importantly, the RBA has shown a more hawkish stance, recently voting to hike rates (5-4 majority), while the BoE faces pressure from 2.8% inflation above target and weak domestic growth. Australia benefits from strong commodity exports (iron ore, coal) and resilient labor market data, while the UK struggles with stagnant growth, high inflation, and Brexit-related trade friction. In a risk-on environment, AUD typically outperforms GBP due to its commodity-linked nature and China trade exposure. The combination of higher Australian rates, stronger economic fundamentals, and RBA's willingness to tighten further makes GBP/AUD a high-probability short for the 60-day horizon.
دلیل: بانک مرکزی استرالیا (RBA) نرخ بهره را روی ۴.۱۰٪ حفظ کرده، در حالی که بانک مرکزی انگلستان (BoE) روی ۳.۷۵٪ نگهداشته است. این به AUD مزیت بازدهی ۳۵ واحد پایهای میدهد. مهمتر اینکه، RBA لحن انقباضیتری نشان داده و اخیراً با اکثریت آرا (۵ به ۴) به افزایش نرخ رأی داده، در حالی که BoE با تورم ۲.۸٪ بالاتر از هدف و رشد ضعیف داخلی تحت فشار است. استرالیا از صادرات قوی کالا (سنگآهن، زغالسنگ) و دادههای مقاوم بازار کار بهرهمند است، در حالی که انگلستان با رشد راکد، تورم بالا، و اصطکاک تجاری ناشی از Brexit دستوپنجه نرم میکند. در محیط Risk-on، AUD معمولاً به دلیل ماهیت کالایی و ارتباط تجاری با چین، بهتر از GBP عمل میکند. ترکیب نرخ بهره بالاتر استرالیا، بنیادهای اقتصادی قویتر، و تمایل RBA به انقباض بیشتر، GBP/AUD را به یک موقعیت فروش با احتمال بالا برای افق ۶۰ روزه تبدیل میکند.
Long
