Look for a quick short @ 113.303 at least 10 pips then dip. Based on technical analysis my cycles show USDJPY is currently in Bullish Beginning... so look to take a long @113.495.... Remember NO RETEST NO ENTRY!
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As anticipated EurUsd is in bearish continuation... looking to re- enter short at either 1.12886 or 1.12775.... Buyers were just locked in at the 1.1310 price level and no higher highs have been created. Keeping with a conservative stop loss around 1.12982 with an initial take profit at 1.12604 and if market structure serves me correctly I may enter again after...
After a horrible week of news for the DXY expect the heavy bullish trend to end. JXY is showing strength and technical analysis already has USDJPY in a Bearish trend beginning. Look to place shorts on this pair as the trading week begins.
