$EURJPY - Ping Pong the New RangeAfter the fiasco early this year with the currency flash crash, EURJPY has had a great rebound, but its now testing major overhead resistance.
I would bet this turns into its new range, for at least 2-3 months, and will trade it accordingly.
Shorting top of range, it could go a bit higher from the level marked on the chart, so be cautious. Ill be jumping in a bit early here with more sell limits just above the range ( blue line )
Targeting 122.8xx and will begin watching PA for Longs in that area
Fxsignals
Long for GBP/JPY?After the last bull week that break a monthly resistence (yellow). The price has been retest the upside channel in 4H and we wait for confirmation for go long in this pair with 2 Tp. Near daily and weekly supports. If the price break and close below 141.550 I start to think in an end of the bull run meanwhile the GBP in genereal looks for a good bull in the weeks ahead.
$GBPUSD - Double Tap Play! Short the retrace into a Long!This pair had quite a bit of momentum, but as long as the US shutdown does in fact come to a temporary end this week, we will get a decent retrace, add a ( nother ) Brexit vote into the mix this week and i doubt this huge move is going to hold up here.
That being said, once retrace is complete i will be looking for longs in the areas noted on the chart, and will likely be holding for a few weeks.
USDJPY Trade Idea: The Strength of the 15min ReracementThe US Dollar (USD) weakened on Friday on reports a short-term funding bill will re-open the US government for several weeks (at least). Based on the 15min Chart USDJPY may have reached its support (as highlighted on the char), paving the way for corrective gains.
The potential target as well as the possible location of the protective stop are marked on the chart.
Nike Stock Analysis: Bulls Not in the Clear Yet...Conclusion for today’s Analysis: Price closing above the September 21, 2018 high of $85.98 indicates resumption of the bullish trend in Nike.
Over a year and 2 months of price action is covered in today’s Nike stock analysis using a 6 hour timeframe.
The previous bullish price channel lasting over 11 months was broken to the downside, with price retracing to ~$66.45.
Bullish momentum resulting from the above mentioned price level is yet to break above the previous high of $85.98 reached on September 21, 2018, therefore implying patience on entry of any long (buy) position that will be considered very conservative.
$60.55 is used as the lower price level for support indicated on the chart with the upper boundary being $66.45. A break below $60.55 in this case indicates resumption of the sell off from September 21, 2018, with lower prices to be expected.
A bearish channel (tentative) drawn on the chart needs to be monitored if Nike does indeed fail to close above price high of $80.96 established on Friday, the 18th of January, 2019
GBPJPYIt has been quite a while now with no clear indication of where the market is going next.
Brexit this, brexit that is all we hear these days but when will these sounds turn into music we can all dance to?
The pound is under significant pressure to finalize the brexit deal. If the deal goes sour, GJ will be a very good pair to watch and trade as the yen has been one of the strongest currencies against the pound and will hopefully move a lot more than the others in this scenario.
Weekly: bearish engulfing candle
H4: SMAs have been flat for some time but now the 25 has finally crossed the 100 SMA with candle closing below both
If our consolidation is broken bearishly, the market will have a lot of room to cover downwards. Sit and ride.
(bullish brexit deal, watch GBPCAD for buys)