The week before last week was a bullish week for the Pound, so for now it seems weaker, therefore wait before buying GBPJPY. We could see a push down to the weekly level of 135.8 which could lead us to a bullish rejection. Then the way could be open for 141.
Recent week we saw a nice risk off pushing money into JPY, all JPY crosses had a massive sell off. The price rejected at the weekly bullish block around 106.8. We could see a buy to 110 area, but keep in mind that any breach of the 106.8 area with massive sell candles could lead us to 105 area before the trend changes.
We saw a massive selloff on Dollar the last days, therefore USDCHF reached the weekly support line and showed immediate reaction. A buy to 0.965 seems legit now, wait for clear intraday rejection signs in London or US session today.
EURUSD headed towards the weekly bearish line and the falling trendline. A rejection already happened, pending fall to 1.105 area.
Looking at the bigger picture, last month EURUSD made a bullish hammer, so i expect a trend change now. Before we can go higher, we need a pullback to atleast 1.10 area. Next target is 1.11.
I am buying to 82.5 area
I am selling UC now to 1.324
Hello traders, currently GA shows us that there is still some room up. Therefore we could see a push to the 1.94 - 1.95 zone before dropping. A double top could also be in play, watch the MACD which looks like there may be a divergence. Keep in mind, we have Brexit news on Friday which could lead GBP to go long hard again. A safe trade would be to wait for clear...
Hello traders, we have a valid buy signal now on EU. The daily candle from yesterday formed a bullish hammer, we have a break of the upper trendline AND we reached 1.10 which showed bullish movements afterwards. First target will be 1.106 Today's FOMC should push Dollar down. Normally, if they keep rates unchanged or if they lower the rates, Dollar should push...
Good morning, I was looking at GBPAUD the last week and tried to short, but failed. We now could see a RRT developing on the H4 chart (Rail Road Track) which would suggest a nice selling opportunity. If it fails, price could move up in the huge demand zone of 1.94 - 1.95 and from there we see another selling opportunity. My target will be 1.91 on GBPAUD
JPY switched from sell to buy, the overall seasonality from JPY is sell at the beginning of the year. The recent fall on jPY pairs happened because we saw a big sell at indizes. My target for GJ is at 144. We already saw a rejection, but still can go to 142 so wait for a rejection from there.
Good morning traders, we still can see a low of 0.96 on USDCHF with a high chance, sell is still in play
The last week we saw how the Head n Shoulders on the daily played out. I think it's ready to buy, price dropped enough now. My first target is 1.106.
Hello! 1.117 area touched and we had immidiate rejection back to 1.113 area. Now price sitting at trendline 1.109 We could still go to 1.107 support area before buying again, my target will be 1.113
We found a resistance now, BUT we have 2 currencies now which are acting "stupid" for this trade. Dollar seems to get weaker and JPY could still drop more before a massive rise. This would lead USDJPY to stay at it's current area. So for me, once JPY kicks in we should see it selling. My first target is 109.5 area, expandable to the next target of 108.8.
My first tp will be 1.117
But now the way should be open for sell. My first tp will be 113.0 and from there I will decide if I will hold my sells
Currently price reached the upper trendline, therefore wait for a break if you want to buy it. If you want to sell, wait for clearer rejection of the trendline.