☆ 🇺🇸 USD / 🇯🇵 JPY — Japanese Yen Trading ☆Hello dear Tradingview community!
USDJPY in the breakout from big Rising wedge and might come down to 107.4 and 107.0 as possible move within next week.
Price completed Harmonic pattern and may start local downtrend to target levels.
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Fxsignals
FTSE - Selling a re-test of the channel UK100 is Bearish - We look to Sell at 5965
▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias.
▪️ Levels close to the 61.8% pullback level of 6000 found sellers.
▪️ Broken out of the channel formation to the downside.
▪️ We look for a re-test of the upward trending resistance.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5965, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 6015
Target1: 5665
Target2: 5500
EURNZD - Looking for long entry on towards the 78.6% Retracement EURNZD is Bullish - We look to Buy at 1.7770
▪️ Continued downward momentum from 1.8179 resulted in the pair posting net daily losses yesterday.
▪️ We have a 78.6% Fibonacci pullback level of 1.7782 from 1.7661 to 1.8227.
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ As this corrective sequence continues we look to set longs on a dip at better risk/reward levels.
▪️ Expect trading to remain mixed and volatile.
Stop: 1.7685
Target1: 1.8065
Target2: 1.8150
Selling strength in GBPJPY - Targeting the 78.6% Fib for entry GBPJPY is Bearish - We look to Sell at 133.20
▪️ The medium term bias remains bearish.
▪️ We have a 78.6% Fibonacci pullback level of 133.21 from 133.55 to 131.94.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 133.20, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 133.50
Target1: 132.00
Target2: 131.50
Buy Gold - Triggered at 1704 Gold is Bullish - We look to Buy at 1704
▪️ Price action has posted a bearish Hanging Man and is negative for short-term sentiment.
▪️ Expect trading to remain mixed and volatile.
▪️ With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
▪️ Expect trading to remain mixed and volatile.
▪️ The reaction lower is negative, however, we view this as an opportunity to set longs in line with the overall bullish move higher.
▪️ Preferred trade is to buy on dips.
Update 1: The move to 1704 triggered our long trade
Stop: 1694
Target1: 1725
Target2: 1740
GBPCHF - Short term momentum remains bullish GBPCHF is Bullish - We look to Buy at 1.2035
▪️ Short term momentum is bullish.
▪️ We have a 50% Fibonacci pullback level of 1.2037 from 1.1869 to 1.2205.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.2035, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1 .2005
Target1: 1.2145
Target2: 1.2200
EURUSD LongThe price has respected the fibonnacci zones and is coming to the top of this channel (im not showing the fibbonacci there)
Affter retest this midle strong resistance now is starting moving up. Its also possible a breakout the channel but is to early to know.
A come back to retest one more time before goes up, still possible today.