USDJPY: Looks to continue its downtrend. Bit late for an entry but worth keeping an eye open for one.
The 50% fib zone/Upper median lines are a good area of reversal. Careful with your money management, risk/reward etc.
Sooo, we have a very nice breakout on FX:EURGBP after a long term retests of the structure level @0.7240. As we see price has broken the structure and it is more likely to retest it and then fall down. And there is a good opportunity to sell at this level. I assume price will reverse somewhere in red zone and our targets will be somewhere in 0.7176-0.7146. So...
USDJPY H1 - Bearish Cypher Entry:117.790 Stop: 118.287 Target 1: 117.492 Target 2: 117.308
The price is going into the peak of a flag formation with the 101.180 resistance and the lower maximum points. I consideration of MACD and BB there is lots of pressure towards this resistance line and the potential to break it for going down to 97.000 and maybe towards 94.000.