ForTheCultureFX

ForTheCultureFX

GBPUSD has recently broken out of a key 1hr resistance trendline, breaking out of the descending triangle after rejecting support at 1.2000 levels 5 times. With the anticipation of a weak US dollar GBPUSD has great potential to continue with its upward momentum. I will be looking for price to target 1.212 (first target) and 1.2222 (second target).

ForTheCultureFX

Looking to go short on UJ. Since October USDJPY has had a bearish market direction and has been trading within a descending channel. More recently price has closed as a daily bear candle, below a key daily level of support @ 131.44. This can be the first signal to a potential bearish continuation to the key daily level of support @ 126.31. I would like to see a...