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Rolereversal

AUDJPY Market OverviewIt looks like a successful break-and-retest. AUD/JPY found resistance at the former support level around 74.25 and is resuming its slide to the next downside targets. The 38.2% Fibonacci extension level appears to be holding as support at the moment, but stochastic has room to move lower before reflecting exhaustion among sellers. Bearish pressure could still take the pair down to the next support areas, possibly around the 50% Fib that lines up with the swing low and around s1-s2 of the weekly pivot. Worst case for Aussie bulls should lead the price lower dip extension at 78.60% which line up with the s3. Another speech by RBA Governor Lowe is coming up soon, and negative remarks could hurt the Aussie, especially if risk appetite stays lows.
by jessi061
GBPNZD Short role reversal levelGBPNZD has been in a nice downtrend that broke thru a daily support level, so I'd prefer to take a trade in that direction on this pair. On the 4hr chart I'm seeing the break of the daily level as a really clean role reversal point at 1.86288 that's already been tested once. Looking for price to approach that level again for a short and targeting the bottom part of that level around 1.84. Looking at about a 40 pip stop if this triggers and a 6 to 1 full target.
Short
by trader_adcap
GBPJPY Intraday Analysis for 5 March 2015GBPJPY now reached support level and bouncing to next resistance area at 183.7+- area. As we can see, there is strong resistance and role reversal area. So from my comprehension, price will bounce back at the 183.7xx area and drop down straight to 182.2xx area where the last critical support there. 1. Wait for the retracement 2. After reached the resistance, wait for price action 3. Once confirm, entry with recommended SL and TP Thanks, Syazrina
Short
by expertradersfx
2