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USD/JPY:SELL From Resistance Areas For a SHORT SetupUSD/JPY in the last night The National Consumer Price Index, released by the Statistics Bureau released a positive output for the price movements of the retail prices of a representative shopping basket of goods and services. The JPY has reacted with a strong bullish impulse from the bottom of 127.500 but, the price is still inside a bearish main trend where today or in the next session we can have a retracement of the market or in the direction of the primary trend or eventually the breakout of the dynamic trendline and Resistance areas may give to the JPY a change of the trend.
Short
by FOREXN1
6
GBP/USD:Price continues to Grow - Next target LONG 1.26000THE GBP/USD is still inside a strong bullish rally, a raising channel with the creation of new Higher-highs and Higher-lows has guided the pair to reach 1.2400 where today the price seems ready to make new higher-highs. Economists at ING note that the Pound could thrive in the long term as the Labour party leader aims to rebuild good trade relationships with the bloc. The leader of the opposition Labour Party, Keir Starmer, is reported to deliver a rather conciliatory speech in Davos today about the future of EU-UK relationships. The Labour party is leading by a rather large margin in the latest opinion polls ahead of next year’s general elections and evidence of a softer stance on Brexit should benefit the Pound in the long run.
Long
by FOREXN1
26
USD/CAD:SELL From Bearish Channel For A New Push-Down SHORTThe USD/CAD pair attracts some sellers following an early uptick to the 1.3410 area dips into negative territory for the second straight day on Wednesday. The pair is currently placed near the daily low, around the 1.3370 region, and looks to extend the previous day's pullback from the weekly top. The price is still inside a Bearish channel in a strong downtrend and our Idea is about a push-down in the direction of the main trend.
Short
by FOREXN1
6