GBPJPY IMO is currently stuck in between a channel. Price is sitting at the bottom trend line. I am waiting to see how price will react, and enter a trade hopefully when their is more volume present (during start of London/NY.)
I am currently in this trade looking to short it to around 1.2465. My short term target, yesterdays low, was achieved. My long term target is based the the PREVIOUS WEEKS low. Should be good IMO
USDJPY had a good little run towards the downside. Price is currently between the 0.382 and 0.5 percent fib retracement. Would like price to break 113 which is a huge whole number resistance and continue to the zone around 114.4.
Price broke third trendline touch. This is in confluence with EURUSD dropping also. First target is 1.328 and second target is 1.308
EURUSD broke trend line after third touch. Price is below 50 EMA. I expect it to job below to 1.7.
AUDUSD is hitting a price where it has previously hit twice. Triple bottom can be a very good indication of a reversal. Lets see it break the cloud and continue to rally upward.
EURGBP lost momentum at 0.893 due to different confluences. I expect it to reach 0.882 then bounce up, or continue its rally down.
EURJPY.... what a good trade. Price hit 133.2 and fell hard due to major resistance and cloud resistance. I expect price to reach 132.1 (61.8 FIB retracement) and bounce back up to complete the pattern.
Many confluences with this trade. Price has reached 89.5 and has since slowed down. The reason for this trade is major resistance line hit along with cloud resistance. RSi is pointing down as it is very overbought. Hope price will reach 88.5 then see how price reacts with the 61.8 FIB retracement.
Personally, I do not like to trade this pair because it can be crazy at times, but this was such a good setup not to show. Heiken Ashi candles are slowing down showing exhaustion. This pair hit a 50.0%-61.8% retracement, in which I expect a reversal, along with a cloud resistance. Stochastic is also extremely overbought and waiting for a cross and mini trend line...
Gold has been on a downward spiral for a couple of days. Now, it has hit a 61.8 MAJOR Fibonacci reversal zone, I expect it to hit 1304, and maybe even higher. Stochastic is lining up PERFECTLY for a buy. Also, it has hit a support on the cloud. So much confluence....
GBPCHF is on its way down towards 1.277 as we see a mini trendline break and a large trendline bounce. If breaking 1.277 and a cloud break, we are off to the races for a short.
GBPAUD has broken a major support zone of 1.678, with more fall to come. It has been riding the cloud for days. Next target is 1.65
I am currently in this trade, swinging it to 1.65 with no barriers in between. What I saw in this trade was a major support zone broken. GA has been riding the cloud for a while and waiting for its break.
USDJPY is stuck at a major zone. This could mean a couple of things. Either it rejects it for a major sell, or breaks it with much momentum for a buy. According to my analysis, I believe that it will break the trend line, retest it and the cloud, then fall. Stochastic is lining up perfect with everything.
GBPJPY is currently in a descending flag pattern. Lets watch is break 147.7 to reach newer lows of 145, maybe even lower.
USDCAD is stuck on a major zone. Lets see if it can break it and make new lower highs, and new lower lows. Already broke trendline, and broke ichimoku cloud.