SteveNixon

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Joined United Kingdom logicfxtrading
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Markets Allocation
100 % forex
Top Mentioned Symbols
GBPJPY 50% | 1 USDJPY 50% | 1
SteveNixon SteveNixon GBPJPY, 240, Long ,
GBPJPY: Pound/Yen Forecast for May/June
157 0 5
GBPJPY, 240 Long
Pound/Yen Forecast for May/June

I'm looking at this as a corrective retracement of the previous downward impulse. I've drawn a speculative channel and inserted a few fib retracements and extensions Given that it's correcting the previous move I would expect to at least reach the 38.2 fib retracement If the channel is true we could also see a 50% fib retracement. Naturally price will not go ...

SteveNixon SteveNixon USDJPY, 240,
USDJPY: Break or Bounce?
207 3 4
USDJPY, 240
Break or Bounce?

Price is approaching the channel top so we'll know shortly if we're going to get a break out and long trade or a bounce back down for one move corrective wave. Stay neutral on this for now and let's see how this develops over the next day or so. Forecasts will be updated as they develop so remember to follow to receive them. You can also follow updates via ...

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EURNZD
Euro Fx/New Zealand Dollar
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USDCHF
U.S. Dollar/Swiss Franc
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AUDCHF
Australian Dollar/Swiss Franc
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AUDNZD
Australian Dollar/New Zealand Dollar
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AUDUSD
Australian Dollar/U.S. Dollar
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AUDJPY
Australian Dollar/Japanese Yen
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GBPUSD
British Pound/U.S. Dollar
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EURGBP
EURO / BRITISH POUND
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GBPAUD
British Pound/Australian Dollar
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USDCAD
U.S. Dollar/Canadian Dollar
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USDJPY
U.S. Dollar/Japanese Yen
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NZDCAD
New Zealand Dollar/Canadian Dollar
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NZDUSD
New Zealand Dollar/U.S. Dollar
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EURUSD
Euro Fx/U.S. Dollar
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