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Blueberrymarkets

GBJPY...WHAT NEXT?In this video update, we take a look at GBPJPY as the price is approaching the key resistance level. Recently Prime Minister Boris Johnson announced on Twitter that the UK and EU have come to some form of an agreement in which the deal is fair for the UK and the EU. However, Boris Johnson has now got to take this deal into Parliament where ministers will vote to accept the deal or not. If the answer is negative the risk of a no-deal will increase the GBP will likely fall. Technically price is at a key resistance level on the monthly timeframe where we could see some profit-taking of the recent move higher. Daily highs offer support at 135.50 where we could see price test next.
Short
by BlueberryMarkets
2
CURRENT OPEN POSITIONS...EURAUD, USDNOK, AUDJPY, BRENT CRUDE OILIn this video update, we take a look at our current open positions to give an update of where we are at. EURAUD has moved significantly towards targets as well as AUDJPY. The daily timeframe suggested the AUD was going to weaken and we are seeing that play out at the moment. USDNOK remains bearish and was close to targets before rebounding, looking for the momentum to pick up here as the price has remained range-bound.
by BlueberryMarkets
RISK OFF BACK ON?...CADJPY UPDATELast week on tradingview we discussed a potential short opportunity on CADJPY as technically price found resistance at the head and shoulders pattern neckline that formed in July. This weekend we saw the news of Saudi Arabia's oil refineries being attacked which could move the market into a risk-off sentiment with safe havens such as JPY benefitting from that. We will look for this market to continue lower into the daily highs of 80.75.
Short
by BlueberryMarkets
1
GOLD AND SILVER SHORT OPPORTUNITIESThe commitment of trader reports is showing large commercial short positioning on Gold and Silver. Gold in particular shows short contracts at all-time highs, this is significant for us to sell Gold on any rallies. Looking at the Gold chart price is re-testing the double top neckline where we can look for short opportunities. On Silver, we need to see the price for a lower high on the daily timeframe to give us a clear opportunity.
OANDA:XAGUSDShort
by BlueberryMarkets