GBP/JPY 1 Hour chart - Possible buy opportunity forming in line with our higher time frame analysis! See our previous analysis on the higher time frames too!
This is the second analysis on this series of majors against the U.S. Dollar (USD). In the previous post we analysed the Chinese Yuan Renminbi (CNY) against the USD; now we're taking a look at the Canadian Dollar (CAD) against the USD. The CAD is second in our ranking of currencies in relation to the 'Rate Of Change' (ROC) with the U.S. Dollar as quote currency....
Copper - where I check is there risk on or off sentiment. Now Copper is an interesting currency technical wise, Will we get pull back as we've reached 161.8 Area. Whilst checking Copper, waiting for pull back before run up - perhaps check other commodities as well such as silver and gold. Long term perspective copper price seems optimistic.
Now remember: This is...
A potential shorting opportunity, coming of decent impulses to the downside, nice small level of resistance. You want to be wary of the higher timeframes (Daily) as we are at wicked support which does make it a bit more uncomfortable.
