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I will be looking to go short on GBPUSD from the rejection at the previous ascending support level. I will be watching the close of the 4hr candle at 2pm GMT. My Stop will be just above the 20EMA at 1.51800. My target is 1.48124 which is the low of 2013. We may see some support at 1.5000 as it is a strong psychological level. This is purely my observation of the...

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USDJPY is currently building to a breakout of the ascending triangle. We had a false break on Friday and price has been making higher lows since mid Jan. After the break of the triangle we should see a break of the 121.800 level. My target will be 124.00.

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GBP/JPY short to 179. Strong selling pressure towards end of last week. Price is at key support level so we may see a pull back to 182.500 before a move down. Keep an eye on the price action when the market opens on Sunday night. I will wait for break of level prior to entering trade. Target level of 179.00 This coincides with ascending trend line, 200EMA and .618 fib.

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Still overall bearish, Previous price action shows 50% - 75% pull backs into similar strong bearish bars which are highlighted on the chart. I am still bearish on this pair but we should see a short term pull back to around 0.73200. Look for price to slow or reject at this level for entry opportunities. This price also coincides with the .236 weekly fib.

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As per my last GBP/USD analysis my resistance level was 1.550 where we would see sellers step back in and move the market down. We have now formed a bearish engulfing bar on the daily candle and price should continue to move down from this point on. We may see a short pull back into the engulfing bar (50%) or even a re-test of the 1.550 level but for the time...

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EUR/USD is still in this descending triangle formation. Price has tested the 20 EMA on numerous occassions and failed to close above it during every attempt. I anticipate a break to the downside through support to test previous lows from the end of Jan 15 at 1.1100.

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Engulfing bar from descending trend line. Look for long from support level or 20 EMA. Watch price action for an entry order around either of those levels. Please note TP should be at the descending trend line. Overall this is a bearish triangle and we may say a reversal in the trend if price breaks the support or at least a push down to the .618 Fib level.

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EUR/JPY is testing several levels of confluence. We have the price failing to close above the 20 EMA. It is also testing a weekly resistence level at 135.700. We have seen lower lows and lower highs since 11/02 so my overall bias on this pair is short. Look for a short entry on the close of todays candle.

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Doji on both weekly and Daily. Possible signs of reversal, rejection at the .73500 level. I think we will see a push back to the .500/ .618 weekly Fib before having another leg down to .73500. Overall my bias on this pair is short.

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Price on the daily has failed to break the 50EMA and the ascending trend line. I anticipate a move to the upsode to 1.5500 where we should see some sellers step back in at the psychological round number and previous support turned resistance. I still believe long term we are bearish on this pair but in the short term we will see this push up. If price breaks 1.550...

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Looking at a potential reversal point depending on the daily close. PA seems to be foriming a double top which may push price back down to previous support of 180.400. Look for dynamic resistance from the the 20 & 50 EMAs. If price breaks the 184.150 level we will look for a pullback entry.

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Inside bar on 16th, confluence with ascending trend line and 20 EMA. Showing rejection from these levels. Aproaching descending trend line. which may show resistance. I am anticipating a push north past previous high from Jan 15, however, I will remain neutral at this point and wait for a break in either direction.

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EURUSD is forming a nice triangle. My bias is to the downside as price has failed to break the 20EMA after numerous attempts. It has also found resitance at the .618 Fib level. I will wait for the price to break in either direction and enter on a pull back.

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Looking at a short position on EUR/USD. Pin bar rejected off of the 20EMA, also have confluence near the 61.8% Fib. Price has respected the 20EMA since early Feb. Looking for a short back towards the yearly low.

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So after a nose dive in December for the EURJPY it has seen a pull back over the last couple of weeks. We have this ascending channel formed, however, it is starting to approach two major points of resistance. The first is the 200 EMA where I anticpate a rejection, also the 137.500 level which is the previous swing high. I'm going to look for a PA rejection at...

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USDJPY has finally broken the ascending triangle/wedge formation. First reistance is at 121.600. If it breaks this level the next resistancewill be the decending trend line from 1990 at around 123.000. The final resistance will be 124.00 from mid 2007. I suspect a push towards these levels before a strong push back towards 118

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USDJPY has finally broken the ascending triangle/wedge formation. First reistance is at 121.600. If it breaks this level the next resistancewill be the decending trend line from 1990 at around 123.000. The final resistance will be 124.00 from mid 2007. I suspect a push towards these levels before a strong push back towards 118.

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Looking for a break of the 20 & 50 EMA following the break of the ascending trend line on the 4 hour charts. 0.74430 resistance coincides with .382 fib on the daily charts. Several days of strong rejection from this level.