KwekuAmmuako-Annan

KwekuAmmuako-Annan

AUDJPY from a pure technical point of view is ready to retest the neck of the head and shoulder pattern formed on the weekly, once tested a push to the upside is expected.

KwekuAmmuako-Annan

Global Market Sentiment: Risk is Off, XAU and JPY gaining strength across board. JPY however is selling to USD on the daily, signifying overall strength for the dollar and a sell for USD pairs which is already quite visible across all time frames. Trend on USDJPY is bullish and Market structure areas for entry are as expressed in the chart markings.

KwekuAmmuako-Annan

Global Market Sentiment: Risk is Off, XAU and JPY gaining strength across board. JPY however is selling to USD on the daily, signifying overall strength for the dollar and a sell for USD pairs which is already quite visible across all time frames. Market structure for GBPUSD has been broken and I expect a retest of the level and push downwards for a sell.