Some potential for major upside or downside. Sitting on the trend line that has been a good buy zone in the past few weeks. A break of this trend line and below support expect more downside. I would tend to lean towards more upside as we seen weakness in other JPY pairs such as USDJPY. The Yen is showing weakness.
Bitcoin showed weakness at 10500. Might see 9700 before upwards movement.
I personally will look for buy orders at the 9700 dollar range before continuation upwards. The 3rd touch would indicate a strong upwards trend.
I expect USDJPY to reach the blue zone this week. Under 365 MA. Could see a couple of different entry points with the same outcome, see my previous USDJPY chart. FOREXCOM:USDJPY
Bitcoin has not really had a major correction since the run up from $8200. Idea is that it will visit the blue zone. Looks overextended with not much buy volume. Who knows maybe the Corona virus will have a effect.
I think gold will have a bullish week next week. These are a couple of potential entry positions I am looking at for the open and then to get long. Long at either the .382 or .5 fib levels. I might for go for a sell at the open with these targets for sells then flip to buys. Looking at a bullish week for Gold in my opinion.
Will flip bullish if closes above .5 Fib level.
Bitcoin short term trade idea. Short to 8100 - 8200 range. $BTC