GamechangerFx

GamechangerFx

EURUSD(Monthly). Monthly Support Turning Into Resistance

GamechangerFx

USDJPY have been holding the 109, 373 support firmly from the previous week which a test of trendline around that key area is seen with a bounce of the 50% fib retracement level gives a good confluence and indication that is a critica level to look out for to anticipate long position as long as the support remains to hold . My ideal entry would be around 109,400...

GamechangerFx

GBPJPY , resumed with it's bearish momentum from last week as expected but however support around 142,167 may hold and consequently could result in a bounce off the trendline , if the bounce of holds we can expect a long opportunity around the 142,167 key area. Another opportunity for further shorts could prevail if the trend line and support of 142,167 does not...

GamechangerFx

Incomplete bullish bat which is expected to be completed around 109,373 area , where i would expected to go long if the support around that key level holds , for now we may await price action to further give us pointers to go long , with a very good risk reward ratio of 1 :6,93. Buy Entry is around 109, 373 -109,400 TP @ 114,898 SL @108,609

GamechangerFx

We have seen dollar index breaking the channel around 61, 8 fib retracement level and further continued with more bearish movement all the way to the 92, 70 area and support holding nicely. Slowly DXY is gaining some more bullish momentum and we expect dxy to extend it's gains all the way to around(97,00 -97,37 area) till around 38, 2 fib retracement level ,...