EURUSD ANALYSIS FOR JULY amid Russia tension. We could see the EUR weaken in the month of July and the dollar gain value as more and more chaos is taking place in European countries
GBPJPY possible bull run ahead of BOE interest rates announcement. Lets manage risk and see if it works or not either way we win. Price broke previous descending channel which was the overall correction and now we are in a bullish impulse lets wait for lows to be created so we can ride along ahead of the BOE intrest rates
ased on the 4hr chart a clear divergence was formed identifying a trend reversal from down trend to uptrend.
If you also use your fibonacci from down to top you can find a long entry with a proper candlestick pattern formed on the 1hr chart. stop loss should be just be below previous major support. Targets 50 pips or more
GBPJPY stuck between two zones which means its consolidating and will soon make an impulsive move either a continuation to the downside or a reversal upward.
For an entry i will wait for a clear break to either side.*NOTE the candle that breaks either zones should have a bigger body i.e it should not be a pin bar or a small body candlestick.
If you are patient...
EURJPY Broke a strong support level and is retesting the zone as resistance.
wait for a candle stick formation in the form of a doji/engulfing/shooting star as confirmation for a short trade.
stops just above the resistance zone
