EURGBP H4 - Long Trade SetupEURGBP H4 - Hasn't moved much, still hugging that trendline support and local support zone. Lots of consolidation over the last couple of days, gearing up for a nice break or burst soon I imagine.
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GBPAUD H4 - Short SetupGBPAUD H4 - Not quite sure how to quantify this, probably ignoring the bearish channel and working from the break and retest of the broken support zone, looking for a clear rejection from this horizontal red box. Need to ensure we are trading below 1.79500 to maintain bearish bias after breaking support.
EURNZD H4 - Short SetupEURNZD H4 - One from last week, just need to break current price/top to then push to the more significant S/R zone, from here we could prepare to take a short position.
EURUSD H1 - Long Trade SetupEURUSD H1 - Decluttered EURUSD a fair bit, if DXY double top holds, we should see EURUSD bounce. Pretty much mirror images of each other if you remember us mentioning this on one of the technical rundown videos.
CADJPY H1 - Long Trade SetupCADJPY H1 - Bounced just shy of trendline support, but looking to double bottom on the same price, this could offer us our long entries.
US Yield... Helping USDYEN One of the biggest movers overnight, JPY is down 0.41% vs USD in the G10 space. CitiFX Technicals points out that 10y in US have broken out and real yields are pushing higher. 10y JGBs still stay in the rare negative area suggesting USDJPY should push higher. We would caution around chasing this move here but expect to see buyers around 111.40-50 area. Yields seem to be leading the way and if we get a move towards 2.82% that could push USDJPY higher towards 112.50. We have seen Leveraged buying USDJPY topside
GBPUSD Trading Forecast for June 13, 2016Cable was not able to move up to our target from our previous analysis. Instead, it continued moving down, which tells that a top has been formed already. Price has room towards its 1.618% fibonacci level at 1.4055 before it corrects up.
GBPUSD Trading Forecast for June 8, 2016Cable's movement shows it is still on its corrective stage which might top at 1.4675 - 1.4730 areas.
EURUSD Trading Forecast for June 8, 2016Euro managed to rally for days, making new highs, targeting a 61.8% retracement around 1.1420 before price starts to decline.
USDJPY Trading Forecast for June 8, 2016
Yen may continue to move lower. A break below previous low 105.54 would lead us to consider the alternate view of this market.
Profit targets 106 area before bulls come to play.
EURUSD On Its Way Down (Technical Analysis for May 18, 2016)EURUSD has more way to go down. Target is around 1.0650-1.0630
