I do already have a USDJPY short play currently but that is based on the 1hr chart, this is essentially the same play but enlarged on to the 4hr which offers me more room for profit. The expected target for this 120.50 as opposed to the 1hr chart, the target is about to get hit pretty soon
The downtrend momentum is clearly carrying on from ysterday and all this week. After a successful trade i had on this pair which was played on the 4hr chart (attached in the linked ideas), this is simply the same continuation play and based off the same rationale. Expected Target 94.30
Despite the bullish trend on the bigger time frames, price is finnaly coming down for a pull back. This can be seen with the overall downtrend in intraday hourly charts and Im playing the downward selling momentum behind it Expected Price Target 121.00
Alot of people have mixed views on the EURUSD right now mainly due to the confusion on the daily chart but both the Monthly and Weekly is clearing showing some potential downward selling pressure exists. For that reason, along with all the stuff going on with Greece and the EU right now, I believe the daily chart is finally lining up to this view on the short...
Along with pretty much all the JPY pairs, due to combination of BOJ easing from the last couple of years and USD rally we've seen the yen pairs weaken considerably the last couple of years. GBPJPY is no different as this trend is clearly in place. As long as the trend-line holds (green line), I am expecting this rally to continue with this pair possible hitting...