The neckline is located around the 88.50 minor psychological mark and a break past this resistance could take price up by around 1,400 pips or the same height as the chart formation.
Two scenarios for AUDUSD.
1. Break of resistance and continuing in bullish favour.
2. Break the upwards trend and the bears gain momentum to drive price down.
GBPUSD is trading between the support 1.260 and resistance 1.305.
Recommend staying out of this trade until hard data is released moving price closer towards these price areas.
USDJPY has broken the 112.000 resistance level!
This given us traders the opportunity to buy if price closes bullish above the 112.000 level.
Target opportunity 115.000
CADJPY broken trend line to the upside. Will look for a retest and then a further rise towards 88.500
A positive close on a daily candle will indicate a bullish move.
This trade was sent earlier before posting on Tradingview; however uploaded to keep track of its movement and for further analysis. Currently up around 100 pips profit.
NZDUSD pulled back from resistance level 1.73400.
Selling this pair after FED Chairmen Janney Yellen's speech looks like a good trade for us!
Speech at 6pm GMT
