I see some JPY weakness coming into the market after USDJPY rejection off 100. 127% extension fade zone on the hourly, 4 hour, daily timeframes. Strong confluence that we see NZDJPY up towards 79.
EURJPY battling to break the 127% extension. looking for trendline break to open up a potential retracement to 118.50. Will drop down to 60 min chart to look for short opportunities if we see a trendline break.
127% Fade on the GBPJPY. Using pastmarket angle to aggressively enter the market as it retraces towards the 38.2% retracement
1.34 a great sell for cad, getting in early on a head and shoulder, will be able to add into the position with the price action hopefully following the purple line.
Expecting the price to retest the highs at the 127% before fading and retracing towards the 38% retracement
Fed dudley was largely hawkish on the margin more than hintin that the Fed should hike this year using plural "rate hikes this year good news" and also saying "fed funds futures under-pricing the rate hike likelihood". These remarks seem to be the catalyst for USD buying despite the weak CPI data (as expected) - nonetheless i think this is a good opp to add to...
GBPUSD closes below the 95% reversal SD Channel line, also LSMA gains momentum past price action indicating a pullback is close.. Short term is bullish but no interest in GU topside. INSTEAD we let the bullish technicals play out, hopefully carrying us back to 1.465-7, then we SHORT from these levels where several resistance levels lie and volatility resistance...
I'll be watching $MGT tomorrow for another short into a major parabolic move, or any crack of support.
As title says. I'll be fading this back up to the daily pivot, which coincides with recent structure and the 38.2% retracement
We hit the 200 day moving average and the channel top. Then formed a massive bearish engulfing pattern. A bearish setup. First target is $65, then $64.