Currently in the 1 hour down channel. Looks like we have another leg down here.
We are in a large hourly channel at the moment on the USDJPY. We could move back to the trendline and break to the upside or we get one more down before a move back to the upside.
Is EURGBP going to break to the upside or is it going to make its way down to the bottom of the channel.
AUDUSD sitting on support here around 7560 area. Can it get its act together and move back toward channel resistance or are we getting ready to make a new down move.
Question: Is this 1st and second wave to the upside? Cable needs to hold here for that to be true.
EURUSD having an impulse to the downside. Will wait for signs of consolidation before making any trade decisions. Leaning towards a short position if we get that consolidation below the triangle.
AUDUSD had a 12345 move to the side and is currently trying to complete its ABC corrective move. 7562 going to be key. If it holds we could be moving back to 7750-7800
EURUSD Long idea if the EMA can hold price. A move to 00-10 area could be expected.
With the FOMC news out today the EURUSD was able to push above 1300. It was capped at the 1340ish resistance level. Looking for longs at 1290ish for a move up to test 1380.
Could this be an inverted head and shoulders . Pointing to 1500 on the 4 hour chart?
Here are some levels for the EURJPY to watch if we get a move to the downside. 138.95 going to be key.
If we start to move lower on USDJPY here are a few levels to watch on the downside. If we start to break up 127.00 - 50 could come into play.
7533 is the weekly level to watch. I would love to be able to get short for that run down. 7670-80 would be a cool spot for it to reject. Have a look at the weekly chart. AUDUSD looking very weak there.
Another week of trading it about to begin. Here is the EURUSD hourly chart. I have a few levels shaded out . 80-00 should act as some sort of resistance. A break above there could see us test 1300 level. A failure of 80-00 area could see us test 1000 again.
EURUSD NFP range. #forex 1380 - 1018 NFP guess 210K
124.44 if rejected could see a move down to 382% fib . If it breaks up and takes out 125 we could see 125.64