USDJPY Weekly MarkupWe're likely about to see a bearish flag play out, unless data comes in strong for the USD on Friday.
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EURUSD Weekly MarkupMuch the same story as GBPUSD. You may be able to catch a sell, but I advise to only do so on clear trendline breaks/retests. Long term, this will still be a buy. Just likely has a large dip incoming.
USDJPY Weekly MarkupEasiest trade of the week. Swing buy. Should be a trade for hundreds of pips profit.
GBPUSD Weekly MarkupOnly trade trendlines and breaks of trendlines this week. Anything else is risky.
USDJPY Weekly OutlookLook for this order block to be respected. If that doesn't work, watch for longs at the major trendline.
EURUSD Weekly Outlook Look for retests of that order block/trendline break this week. This is likely the last opportunity for bulls before this heads up towards 1.15000 and then 1.16000.
USDJPY Weekly OutlookOverall I hold bullish bias for this pair at the moment. However, I wouldn't be surprised to see some fairly strong bearish pushes along the way. Watch the key trendlines and support/resistance points.
GBPUSD Weekly OutlookLike EURUSD, a buy on dips situation. May see significant resistance just after making a clean high when it hits that trendline. Watch the listed resistance/support points to help form your buying plans.
EURUSD Weekly OutlookCertainly a buy on dips situation. Watch the marked support points for potential buy opportunities.
AUDUSD Weekly ForecastI expect the RBA to be neutral/slightly dovish in their rate statement this week. With AUDUSD at the trendline it's now held for over one year, I expect another push down from here. If this breaks, who knows where this pair will end up.
GBPAUD Trade UpdateI hope you took partial profit as recommended. Pairs seem to always come back when we least expect it. GBPAUD has been kind enough to give us a potential double bottom. I recommend buying on the break to the upside of this wedge we see it currently forming.
GBPUSD Swing Buy OpportunityGBPUSD is likely to be a swing buy, either here or slightly lower in the low 1.25000s. It's currently retesting the breakout from the accumulation range. If news comes in strong for the GBP this week, the reversal is definite.
Incoming Bullish Potential for EURUSDIf/when we see some USD strength this week, it should present an ideal EURUSD buying opportunity. These are our areas of interest for swing buys, targeting new highs.
GBPAUD Swing BuyThe GBP bear run caused by the elections has presented a very promising potential buy here. We have both an inverse head and shoulders on the daily and the 78.6 Fibonacci level. I suggest using a rather generous stop loss and a low lot size, as the potential for variance on the entry is high, but the potential amount of pips made in profit is quite large.
Whether this point holds or not may very well be decided by British news over the course of the week. If this clears from here and respects it as a support level, but news comes in poor later, you'll probably want to exit and reenter at a double bottom or new low.
USDCAD Buy OpportunityUSDCAD appears to be respecting the trendline and 61.8 Fibonacci point here. It's worth a buy with a stop loss below the trendline. I recommend placing two buys, with TP1 at 1.34900 and TP2 to be determined.
USDJPY Buy EntryThis is a prime opportunity to try a buy for USDJPY. I myself already have swing buys in, but now that it's broken this descending trendline and is retesting it, I would look to potentially buy here. I myself am still targeting 115.300 or the day of the rate hike decision. Whichever comes first. But TP whenever you're comfortable.
USDJPY Buying OpportunityNews tomorrow may be good or bad for the USD. But I expect a triple top before news, and a new high if Friday's news is good. If this makes a fresh low, this buying plan is invalid. I will place two buys here, one to TP at the triple top, and the other to hold through news, with SL break even if it's up around 114s when news hits.
USDJPY Bullish BreakoutAnalysis from Phoenix FXC:
USDJPY broke to the top of the bearish channel. This signals that it's officially time to start looking for buys. Now we'd like to see it bounce off of the 50 Fibonacci level that it's currently at and come down to retest the trendline it broke. This will likely be somewhere around 112.800. If it holds here, our target is 114. For entries, watch for accumulation to form.
NFP Week - USDJPY 4/3-4/9 ForecastThis ties directly into what we wrote for Gold for this week. We're expecting a bullish USD over the first half of the week, possibly halted and reversed by bearish fundamental factors on Wednesday and/or Friday. If the current level around 111.300 breaks, I'll look to possibly buy at the retest of the broken trendline around 110.900.
Price action and the specifics of Wednesday and Friday news will be crucial for the week.
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