The FTSE100 price has been bouncing nicely inbetween a channel. Price action is currently outside of the channel and if it breaches the highs, then we could be going higher. Otherwise, if price falls and closes back into the trend channel, it's a big move down!
EURJPY is in a downtrend and within the downtrend, there is a channel that has formed. The price is currently bouncing off the upper end of the channel and we should expect to see a short term top here possibly down to visit the session lows.
I've placed a long trade here with the stop below the pinbar on the Daily chart. I'm aiming for 125.00 as the target for this trade. If you look at the chart in the Weekly timeframe, you can also see a pinbar form.
