


Trinad
Looks to me like the USDJPY pair is on the way to test the high from July 2016 at 107.50 Around that level is the EMA200 which will be a resistance. If the Bulls' have collect enough strength to break trough and close over the EMA200 and the High from July 2016, i will expect a bullish movement towards 111.00
Breakout through 10650 will be a short setup down to 10600///10500 Breakout through 10730 will be a long setup up to 10830 I except that the DAX for the first few trading hours goes down to 10650 then up to 10700//10730.
Entry Level: 960 Stop Loss: 979 Target: 886
Entry Level: 1.0905 Stop Loss: 1.0896 Target1: 1.0933 Target2: 1.0945
Looking for a short breakout out of the old trend channel. A retest of the trend channel resistance after a breakout will give an opportunity to find a short setup. Short Targets: 0.6890////0.6680 If the support line 0.6890 holds after at least 2 retests, i will look for a long setup. Long Targets: 0.7049//////0.7180
Entry : 1274.20 Stop Loss: 1277.00 Target: 1267.50 RSI overbought
Obviously at this stage not strong enough to target the highs'. Price correction to 1.3330. Then new attempt to make new highs. Entry Level: 1.3351 Stop Loss: 1.3360 Target Level: 1.3330