On the 1 hour timeframe, UJ broke structure, on the higher timeframe UJ is sitting on the 38.2 PRZ fib level. also has a head and shoulders pattern, with exhaustion forming on smaller time frames. just waiting for a slight retest and an entry down to the 111.600 area
USDJPY has been an interesting pair to watch this year and here is another opportunity to take advantage of the volatility of this pair. I will just be going into the technicals for this trade. If you want fundamental information visit www.investing.com they have great fundamentals with great breakdowns. TECHNICALS - The Market on Friday's close was on the level...
GBPUSD Broke monthly resistance, retested it, constant HHs,HLs, MAs are open. Our target is weekly resistance 1.3450. Safe SL is a little under 38.20% fib, which is also the tl.
Bullish structure broke, MAs crossed over, tl broken, and under monthly resistance 88.00. First target is 38.20% fib level, 86.30.
Although GBPJPY seems very bearish, Price is staying above weekly support and respecting TL. MAs are crossing over. (Risky trade)
HH/HLS, MAs open, Euro could possible come to Monthly Support 1.1773, or 38.20% fib, before shooting up.
GBPAUD should retest CTL before it continues it's downward trend. Monthly Resistance should hold.
USDCAD will continue it's downward journey till Monthly supply 1.2245 zone. UC re-tested daily resistance and, now we could see it fall.
MAS open, gold has potential to reach back into 1300/oz zone and take out the price. (HH/HLS)
Weekly bearish, USDCAD has been super bearish, MA's crossed over, (open), UC will try to break its previous lows on weekly, potential target for now is monthly support 1.2245 zone. Analyze bigger picture.
TL broken, MAs crossed over, GA could retest to 1.6430 before it drops to Weekly support 1.6250.
Currently at Weekly support 144.07, if 144.67 is broken and becomes the support GJ is expected to reach back to Monthly Resistance 147.47 zone. Anyhow, if GBPJPY breaks below weekly support 144.67, GJ could potentially reach 140.00 since the trend is bearish, and MAS touching each other on daily tf.
AUDJPY has broke the bearish structure, MAs have been crossed over, HLs and HHs. An uptrend channel has formed and its respecting the market move. We could see a retrest at monthly s 88.00 (CT) as its upper continuation move to weekly r 90.00. Once target reached further analysis will be updated.
EURJPY has broken the trend line on weekly, CTL has also been broken, MAS crossed over. Bullish englufing on various time frames, EJ also broke out from its consolidation zone from 128.50 to 129.60. Now EJ could retrace back to weekly R 129.69 before it shoots up to monthly R 132.00.
AUDUSD Technical Analysis AUDUSD has been in consolidation zone since early 2016, the price barrier was from 0.6884 to 0.7773. Auzzie tried to breakout through this area numerous times but failed. However, last week auzzie smashed through previous resistance, and on Monday it retested the new support 0.7785 (previous resistance). Since AUDUSD has finally broken...