What if the FOMC disappointsIts the FOMC afterall, rate decision could be priced in, only 3 and not 4 times this year, conservative first press conference from Powell
All these could be factors which would cause the FOMC to disappoint, and in this scenario, drive the USD lower
This would make the USDJPY a potential setup as price gets trapped in the 106.50 and 105.50 range
we'll have to wait and see
Usd-jpy-sell
USDJPY for possibility of it retesting With no notable economic data to be released later today, I’ll be looking at the USDJPY for possibility of it retesting the 105.80 and 105.30 support level. This is in addition to the current commentary coming from the BoJ regarding the actions to be taken to reach their target of 2% CPI.
USD/JPYSpeculations!!!!
could we see a morning star formation formed before the end of the year.
as we can see my 61.8% fib lines up with a nice level of rejection and just above this is my monthly resistance.
on the lower time frames we have already seen father indications that we should sell (1w and 1d time frames.
however the movements towards the end of the year become slower and things start to range more, I believe we will see this pair decline from December and increase its drop in the new year.
EURGBP: Break and Ready to SellSooo, we have a very nice breakout on FX:EURGBP after a long term retests of the structure level @0.7240. As we see price has broken the structure and it is more likely to retest it and then fall down. And there is a good opportunity to sell at this level. I assume price will reverse somewhere in red zone and our targets will be somewhere in 0.7176-0.7146.
So keep an eye on this reversal zone.
Avto_T
Green Luck
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Trend Analysis USD/JPY 15/7/14The price is going into the peak of a flag formation with the 101.180 resistance and the lower maximum points.
I consideration of MACD and BB there is lots of pressure towards this resistance line and the potential to break it for going down to 97.000 and maybe towards 94.000.