USDJPYLooks like Wyckoff formation to me on #USDJPY
Waiting for sign of strength on USD bullish break out.
Daily Fib target still remains at price 153.829
As long as Feds are hawkish we can still reach daily Fib target.
Dollarpairs
USDGBP hitting down channel support | A good long opportunityIf we see the movement of price action US Dollar / Pound Sterling then it giving easy profits within the channel by hitting bollinger bands support and moving up even most of the times it is not hitting the channel's support but moving up after hitting the bollinger bands.
But this time it is hitting the channel's support and the lower bands of bollinger bands both at a time moreover price action is also hitting the 50 simple moving average support, so this time the chances of bullish divergence are more stronger.
MACD is still strong bearish and Stochastic is almost entered in oversold but did not give any bull cross sofar therefore I would suggest to wait for MACD to turn weak bearish from strong bearish or for stochastic bull cross then take the long position.
I have used Fibonacci sequence to set the sell targets.
Sell between: 0.81973 to 0.83048
Regards,
Atif Akbar (moon333)
EURUSD price level and 15 min Chart PatternThe symmetrical triangle chart pattern is a continuation pattern. The inclination is to continue in the Up Trend that price is already exhibiting.
More opportunities will be afforded in the direction of the trend
