Japanese pairs seem to be quite bullish now, UJ failed to rise last week despite strong breakout on DXY
I'm anticipating a huge drop in the long term to around 104 especially with the SHS formation
Entry level - 110.3
TP1 - 108
TP2 - 104
SL - 110.7
Broken key support level of 0.73, news of extra tariffs on China, could see a retest of 0.73 wait for a pullback to there before adding short positions.
DXY rising too, could see lows of 0.69 soon
Entry level - 0.73
TP1 - 0.71
TP2 - 0.69
SL - 0.735
We closed below 1.285 which was a strong support area, slight bit of buying pressure on the 1 hour chart just before market close so I expect a slight pullback next week with buyers attempting to raise price to 1.285 again which would be a good area to add some short positions, with market sentiment as bearish considering no deal brexit becoming a reality and DXY...