Moss_Fettes

Moss_Fettes

Same markup and analysis as yesterdays GU. trend line test and taken as rejection, zone taken as rejection, on key fib level and finally heavy bottom candles indicating a bearing market.

Moss_Fettes

GBPUSD is looking good for a short, continuous down trend on higher time frames, with price reacting to the downtrend outlined in chart mark up. Additionally price is at a level of resistance, where it is acting positively. Fib shows us that price is additionally reacting to a key level,, again giving us an indication of the market staying bearish . recent wicks...

Moss_Fettes

EURJPY is looking good for a short, continoius down trend on higher time frames, with price reacting to the downtrened outlined in chart mark up. Additionally price is at a level of resistance, where it is acting positivaly. Fib shows us that price is addtiionally reacting to a key level,, again giving us an indication of the market staying bearish. recent wicks...

Moss_Fettes

CAD JPY coming to 88.509 resistance zone, waiting for a test of this zone then candle confirmation to show heavy bottom wicks, indicating a bearish transition. Supported by the continuous downtrend of the day and weekly charts. Additional confirmation of a fib level. TP at previous zone of 85.0221 SL at previous higher zone of 88.9541.