There's still legs in the Sterling rally. Confluence at 1.453-1.449 ought to protect 1.445 for another rotation to the upside (1.485 supply above).
We're not finished with the upside in SP500, I'm betting on another leg up to 1921.6 as first target/resistance above
Has Japan tricked the Yen bulls by reversing early?
Continuing the theme for long entries targeting 134s, stops below 132.6. Yesterday was horrible, with only 50ish pip range high to low, liquidity is obviously still sporadic in the EURJPY markets. I feel we're in for a good bullish run in the near future for EJ, mid-145s, at least. I'll have to move my longer charts here, will do soon.
Buying around the pivot at 132.78 for another leg up to 134s
Following price action for good opportunities to re-enter shorts for a test of the lows as a first target. Supply zone I've identified lies at the 132.09 - 132.25 space with touch of the highs not excluded (+30p max for 132.75 ask). Current chart is continuation of the previous one I posted, somehow enhanced.
EJ is consolidating below the supply area of 131.5 - 131.7 and I'm keeping bearish bias for a retest of the low 129s. There's unfinished business at 129.2, so that's T1, clustered support below every 30ish pips if we break below T1. Shorts invalidate on close above initial highs at 132.4s but any break of the last resistance arm (angle from the top) at 1x8 (0.125)...
A different perspective to technical analysis. EURUSD overview on a week-by-week basis, 15min charts. Short and mid-term ideas based on planetary relationships and their implications on the financial markets. Keep an open mind, I'll keep it clean and simple
A different perspective to technical analysis. EURUSD overview on a week-by-week basis, 15min charts. Short and mid-term ideas based on planetary relationships and their implications on the financial markets. Keep an open mind, I'll keep it clean and simple