Gbpjpy has been bearish for the past weeks on 1h and 4h timeframes, i´ll be looking to enter shorts on any sort of retracements on highlighted area
Maybe 382 fib level?
Even though crude inventories today showed bad numbers, massive tension between Trump and Putin is putting price action of usoil to the test.
Technicals shows me 2 options for going long, but I would highly recommend option B
Gbpusd formed a heads & shoulder pattern + broken neckline + broke out of an ascending channel in H1 timeframe
Wait for 2nd retest to neckline + broken Trend line for shorts
Eurjpy formed a descending triangle which it broke out of, right now its doing the retest to the key reversal zone 618 fibonnaci level
Look for shorting this pair in the asian market opening
You can sell now at actual price of 130.71
100+ pip target
Risk only 3% of capital
Usdchf has been bearish for months now since it broke out of a bullish channel, and last week it broke a major key level of support. Be on the look out for shorts on the retest of that same zone.
Using the fibonnacci retracement from the last major swing, enter the market at .618 level to short
