FXAristocrat

FXAristocrat

British Pound/Japanese Yen trading in a quite extensive range of 250 pips, between 165.500 and 168.000, for the past couple of days. In this top-down analysis, four main time-frames are used: Weekly, Daily, 4H, and 1H. Weekly : Bullish between 155.250 and 172.100 with a bullish momentum. Daily : Bullish between 162.750 and 168.000 with a bullish momentum. ...

FXAristocrat

As per the previous analysis. British Pound/Japanese Yen taken towards the 166.750 area.

FXAristocrat

British Pound/Japanese Yen expected to head back to the 166.750 area. This morning's London session has witnessed a strong push upwards before rotating to move lower back to the 167.000 level. This strong momentum is expected to continue moving lower given that the bears appear to have taken over the market. Signs of the bulls are expected at around 166.750.

FXAristocrat

GJ shorts taken as per the analysis published previously.

FXAristocrat

British Pound/Japanese Yen showing weakness at the verge of the London midday and New York open. The market reached its bullish climax around 167.000 before the bears take over the market. At the moment, and just like at any other moment, the market may continue in at least the two scenarios drawn on the chart. It's expected that the current momentum will...

FXAristocrat

British Pound/Japanese Yen in a transition. The 1H chart is clearly showing that the market has been stuck between 165.500 and 166.750 for the past couple of days. Today, the market is showing weakness at the London open, leading prices lower to test the 166.000 psychological level. This has a higher chance of continuation towards the 165.500 psychological...

FXAristocrat

Many factors aligned for a GJ long before it's expected to reverse with the overall macroeconomic trend.

FXAristocrat

Looking for GBPJPY long at at value area around the 162.350 level of interest.

FXAristocrat

1. Downtrend. 2. Market is testing a horizontal resistance level around the 153.500 area. 3. Market is testing a Supply zone that was not tested before. 4. Price action illustrating the rejection of higher prices. 5. Increase in Volume -> Extensive selling.

FXAristocrat

1. Ranging market (bearish momentum). 2. Market is testing a horizontal resistance level around the 109.750 area. 3. Market is testing a (Swap) Supply zone that was tested twice before. 4. Price action illustrating the rejection of higher prices. 5. Increase in Volume -> Extensive selling.

FXAristocrat

1. Ranging market (bearish momentum). 2. Market is testing a horizontal resistance level around the 155.250 area. 3. Market is testing a Supply zone that was not tested before. 4. Price action illustrating the rejection of higher prices. 5. Increase in Volume -> Extensive selling.

FXAristocrat

1. Uptrend. 2. Market is testing a horizontal support level around the 133.000 area. 3. Market is testing a Demand zone that was not tested before. 4. Price action illustrating the rejection of lower prices. 5. Increase in Volume -> Extensive buying.

FXAristocrat

1. Uptrend. 2. Market would be testing a horizontal support level either around the 154.250 or the 154.000 level. 3. Market would be testing a Demand zone that was not tested before either around the 154.250 or the 154.000 level. A price action + Volume (increase) confirmation would be the last hint for potential up-move.

FXAristocrat

EURCAD could potentially move back to the 1.51800 area (and beyond) if the Demand zone, which was tested once before, holds for the second time around the 1.50700/800 area. A potential confirmation that the Demand zone would hold would be a combination of bullish price action (candlestick) and a relative increase in Volume (bullish pressure). Today is also a day...

FXAristocrat

GBPJPY could potentially head back to the 152.000 area if the Demand zone around the 151.200 area holds. The current market momentum is bullish. The market is about to test a Demand zone around the 151.200 area. The market is testing a horizontal support level around the 151.200 area. The key determinants of the potential rally is the price action and Volume combo.

FXAristocrat

To build up on the analysis conducted this morning; the price action and Volume confirmations have been printed out at NY open with the Retail Sales and Core Retail Sales news that came out of the US around 14h30. The market is expected to head back to the 1.50000 area and if the potential Supply zone does not hold, it is expected to head to the 1.50500 area.

FXAristocrat

EURCAD appears to be willing to move higher again after this morning's correction. 1) The market made a bullish leg up recently, hinting at the aggressive presence of the bulls. 2) The market is currently testing a valid Demand zone that was tested once before and is expected to hold for the second time. 3) The market is testing a horizontal Support level around...

FXAristocrat

GBP is experiencing a sell-off for the past couple of days. Currently, the market is testing a Supply zone and price action appears to reject it. The pair is likely to head back to the 149.500 area or even lower.