Here is my analysis on usdjpy. I may be wrong on it as im just going off of technincal analysis. The USD is bound for a pullback and if so that may affect the outcome of this trade.
i see further continuation in strenght with the US dollar. This pair is becoming very bearish, and we have double confirmation with the break of a support trend, retest and further continuation to the downside.
low risk, high reward trade.
looks like usdcad is in for a retracement after a very strong dollar. price has broken its trend, currnently retesting, and im going to go short on the pair.
outlook with EURUSD... needs to be watched but i believe that price will hit its head on the 200 EMA and drop it's butt to the recent swing low. will be contingent on price not breaking the previous high on the trend.
good potential long coming up next week for GBPUSD... looks like it will bound right off of a support zone as well as the 200 EMA and start to trend upward. WORTH the RISk
Big news today so this may be skewed a bit. but we are looking at a great technical bounce off the trendline. three bounce rule, going to be looking at a drop after this retouch of the trend line.
