WE SEE A NICE DOUBLE TOP ON EURJPY AND A CLEAN 1H CANDE BOUNCE OF THE PREVIOUS RESISTANCE, A MOVE DOWN TO THE TRENDLINE IS VERY LIKELY
GBPCAD STILL IN TRENDING MODE, PROVIDING OPPORTUNITIES FOR BEARS
EURJPY IS EITHER REVERSING OR CORRECTING, GOOD RISK/REWARD FOR A SHORT TRADE
It seems that EURNZD is printing lower highs and lower lows suggesting continuation of the downtrend. At the same time we witness a clean bounce of our downtrend trendline suggesting the same scenario - a potential new low
Today we saw a very nice bounce of our downtrend trendline that is providing a near term resistance for USDCHF. If it holds and at the same time recent low is broken, it should trigger further selloff of the USDCHF, potentially till the end of the year.
GBPNZD is definitely under pressure with an established downtrend. It is very unlikely we will see any sort of reversal soon and it could be a good strategy to look for the short entries sometimes early next week.
While GBPCHF did break our support levels, it might be oppening doors for a further, and potentially larger wave downwards. Perfect short entry could be around 1.5280, if it gets there.