EURAUD break h4 trendline few days ago. Also this pair makes higher low and higher high. For now 1.5995 is very important level for hourly chart. Any bullish price action confirmation indicates furthur bullish movement for this pair.
On the daily chart USDJPY has recovered sharply. Now price testing fibo 50% level. A strong rejection from this level indicate furthur weakness of this pair. On the other side if price can't hold this level we can expect the price at 61.8% level. This is very strong resistance for USDJPY. From here we can see the drop of price.
GBPJPY printing bearish flag pattern on daily time frame. From the 61.8% level we can see domination of sellers. For the trading setup first of all I want to see a bearish price action sell signal on that zone.
longer-term bullish up-trend remains in-order in GBPUSD, but rather than having a range-bound environment over the past couple of months, GBP/USD has been putting in lower-lows and lower-highs, as governed by this descending trend-line on the four-hour chart.
Watch for bearish price action signal.
After a range price broke 1.58 which was range resistance. Price just make a fresh high and I'm waiting for a higher low. I'm waiting for see price action signal on 1.5755-1.58 level.
USDJPY retrace upside during it's strong downtrend. For this pair 110.20-110.30 is key. This is the horizontal resistance and fibo 61.8% level. I'm watching closely to forming price action sell signal on that level. My target will be near 108.10
Check my weekly chart analysis.
USDJPY price are going to test 7 years old trendline. Trendline meeting point is near 108.1 level. From the last year this pair are in ranging mood and the support of range is 108.10 level. Keep a close eye on 108.10 level. This level may be the reversal point for this pair.
But we have some fundamental issue. Dollar budget bill not passed yet. That is why the...