PepeMafia

PepeMafia

As explained in the previous weeks. USDJPY has been and will going sideways without a clear direction. However, the sideways space is narrowing and soon it will be forced to take a side, whether long or short. For now, we wait while the resistances and support get closer to each other.

PepeMafia

After breaking out the two resistances it confirms the creation of a new bullish trend. Hence, we open a new long position looking for long trend afer breaking through the resistances and retesting them afterwards.

PepeMafia

Undecisive for now, going sideways. For now we remain bearish as long as it remains below the monthly resistance which is approaching now. In case it approaches it, we´ll see whether it is just a retest or is breakout creating a bullish trend.

PepeMafia

In danger zone between two monthly bearish trends. Possible rebound from the support one on its way. In the next days it will clear its and show whether it confirms the bound and breaks the resistance above or if it just testing continuing the monthly bearish trend.

PepeMafia

As analysed in the macroeconomic outlook, the fundamentals remain solid and the technicals too. If it does not close below the support it is now facing we´ll remain as bullish as we are now. However, if it breaks the support and retest it we might change to short but for now, everything is in place for a low but positive uptrend.

PepeMafia

US Oil just broke a strong monthly support which creates a strong entry to join the recently formed bearish trend. We captured the initial movement and now can be a good opportunity to join again after this last breakout of a resistance.

PepeMafia

It remains in the same situation as we left it. Is is going sideways between resistance and supports. Recently it has touched the support confirming it and possibly now it can go up to the resistance. However, for now the movements are too small to care about them so we remain on the side looking how it behaves and waiting for a clear breakout.

PepeMafia

GBPUSD is hanging on a key after breaking the first resistance, now is facing the second monthly resistance. In case it does not break it we´ll remain short. However, if it closes above the bearish trendline that is now facing, we might consider changing the strategy to a more bullish position.

PepeMafia

GBPUSD is hanging on a key after breaking the first resistance, now is facing the second monthly resistance. In case it does not break it we´ll remain short. However, if it closes above the bearish trendline that is now facing, we might consider changing the strategy to a more bullish position.

PepeMafia

EURUSD remains in the green and there is not any support or resistance that signals a change of trend. Hence, for now we remain short.

PepeMafia

After taking the profits, the US Dollar Index is hanging between the resistance it just touched and the support it previously broke. So, for now we´ll wait until it breaks one of them and position in the right direction.

PepeMafia

Retest confirmation is on its way creating a another good time to entry. We remain bullish as there is nothing to be concerned about for now. .

PepeMafia

Took profits and now time to wait on the sides to see what happens. We'll closely look to which trendline gets closer, if it continues the bullish run or breaks any near support. Looking its reaction we´ll take another position next week.

PepeMafia

Took profits and now time to wait on the sides to see what happens. We'll closely look to which trendline gets closer, if it continues the bullish run or breaks any near support. Looking its reaction we´ll take another position next week.

PepeMafia

We will remain on the side this week as USDJPY is in a dead space between supports and resistance. Hence, we do not take any position and await what direction it takes.

PepeMafia

After on Friday breaking the strong monthly support it opens space for a short position. We were awaiting for rebound but instead of that, we got a strong breakout which give us the confirmation the strength of the bearish trend,. Hence, it would be convenient to change the position into a bearish one with a huge risk reward as for now we leave the take profit...

PepeMafia

After catching the first bearish wave, we are capturing the second one. We were awaiting for a retest of the support for a confirmation but we did not even need it as it continued falling without chance of retesting the support. Remain bearish for now unless unexpected circumstances arise.

PepeMafia

As expected, US Dollar Index retested the recent resistance it broke confirming the bull trendline. For now, as we got the retest as confirmation, we remain with our bullish position.