Despite the bearist fury that made the EURJPY sink in the last four days, there is no fundamental data to sustain this low price. This suggest the big fat cats are preparing an up trend that can point to the 2015 minimum price of 126. After that is possible that price continues to drop because in the meanwhile the same fat cats give up of trying to rise oil price...
We have a breakout of trend line and also a bearish Gartley formed today. Lets point first to the grey trendline and they we´ll see. Depends on Brent.
Brent seems to stall at 50 usd/b and bears are gathering positions. It probably will end down at 2015 big S/R, around 42. Then we´ll see.
At list till 23 th of June, when Britons vote, it seems GBP is getting stronger
For now the goal is 156.88 and the SL (if you use it) could be at 162,68
The limit of the uptrend will be long term trend line, and about 50% FIB retracement
So, for the next couple of days I´ll be BULL
As you may see the price reach the resistence zone and now is going down because the oil price is about to do the same. Good luck.
The GDPJPY is in a consolidation zone. If price breaks out that supportive line (in red) it will go further down. For this week, I propose a 2:1 ratio trade, with the target on 155,50. Good luck pal
It must go down. I don´t wanna buy a Tesla.....yet !!
But for next cuple of days go long. After the price reaches the trend line, go short.
As you may see, last weekend forecast remains valid. Short the EURNZD
Despite BoNZ wants a weak Kiwi, it is performing well agains most european currencies as well as USD.