GBP/JPY has recovered after making a low of 180.66 on Friday. It is currently trading at 182.50. Overall trend is still bullish as long as support 180.50 holds. Intraday weakness can be seen only below 181.60. On the downside any break below 181.60 will drag the pair further down till 181/180.50. The pair's minor resistance is around 182.60 and break above...
Book profit and exit from Gold long @ $1134.
EUR/USD has broken major resistance 1.1300 and this confirms short term bullishness , a jump till 1.1370/1.1436 cannot be ruled out. Short term weakness can be seen only below 1.1240 level. The minor support is around 1.1270. Any break below 1.1240 will drag the pair further down till 1.1200/1.1150 level. Overall bullish invalidation only below 1.1150. It is...
EUR/USD Target achieved @ 1.1240. Book full profits
USD/JPY has broken minor trend line resistance 120.15 (trend line joining 120.32 and 120.26) and break above targets 121/121.30 in short term. Intraday weakness can happen only below 120 and break below targets 119.50/119.20. It is good to buy at dips around 119.55-60 with SL around 119.20 for the TP of 121.30
Harmonic pattern formed -Bullish BAT Pattern Potential Reversal Zone (PRZ)- 1.1125 EUR/USD has declined till 1.11338 and slightly recovered till 1.20690 from that level. It is currently trading at 1.11790. Market awaits US NFP for further direction.Non-farm payroll is expected to show 200k growth in September compared to 173k in August. The pair's short term...
GBP/JPY is facing strong intra day resistance around 182 and any break above confirms intraday bullishness. Break above 182 will take the pair to next target to 182.60/ 183.18/184.40. On the downside minor support is around 181 and break below targets 180.30. It is good to buy only above 182 with SL around 181 for the TP of 183.20/184.40
USD/JPY has made a high of 120.26 yesterday and declined till 119.49 from that level. Sort term trend is till bullish as long as support 119.20 holds. Any break below 119.20 will drag the pair further down till 118.80/118.60. The pair's minor support is around 119.50. The minor resistance is around 120.10 and any indicative break above will take the pair till...
EUR/USD has declined till 1.11349 and slightly recovered from that level. It is currently trading at 1.11640. The pair’s short term support is around 1.125 (trend line joining 1.1104 and 1.11150) and any break below targets 1.1080/1.1100. The pair’s intraday resistance is around 1.11580 and any break above targets 1.1185/1.1240/1.1270. It is good to buy at...
USD/CAD has declined till 1.3280 yesterday and slightly recovered from that level. It is currently trading at 1.3282. Intraday trend is still weak as long as resistance 1.3325 holds. Any break above 1.3325 will take the pair to next target 1.3365/1.3387. On the downside major support is around 1.3280 and any break below targets 1.3230/1.3180. It is good to sell...
Harmonic Pattern Formed- Bullish Cypher pattern Potential Reversal Zone (PRZ) – 1.5720. The pair has made a high of 1.6250 and retreated till 1.5780 level. It is currently trading at 1.5798. The major support is around 1.5720 and any break below will drag the pair further down till 1.5660/1.5600. On the higher side minor resistance is around 1.5870 and any...
AUD/JPY has broken minor trend line resistance around 84.60 (trend line joining 84.97 and 84.66) and this confirms short term bullishness a jump till 85.35/86 cannot be ruled out . Overall bullishness can be seen only above 87.50. On the downside intraday weakness can be seen below 83.90 and any break below targets 83/82.60. It is good to buy at dips around...
GBP/JPY has made a high of 183.04 and declined till 180.85 yesterday. It is currently trading at 181.68. Overall trend is bullish as long as 180.85 holds. Any break below 180.85 will drag the pair further 180.35/180. Intraday minor resistance is around 181.80 and any break above targets 183.20/184. It is good to buy at dips around 181.75-80 with SL around...
USD/JPY has recovered till 120.32 after making a low of 119.27 on Tuesday. Short term trend is till bullish as long as support 119.60 holds. Any break below 119.60 will drag the pair further down till 119.20/118.80. The pair's minor support is around 119.50. The minor resistance is around 120.10 and any indicative break above will take the pair till...
EUR/CAD target achieved at 1.4930. Book full profits
USD/CAD target achieved at 1.3320.Book profit
Cable has broken major trend line resistance around 1.5190 which confirms short term bullishness, a jump till 1.5250/1.5288 cannot be ruled out. Intraday weakness can be seen only below 1.5160 and any break below 1.5160 will drag the pair till 1.5130/1.5070. Overall bearish invalidation only above 1.5290 level.Any break above targets 1.5340/1.5370. It is good...
Low risk traders book profit in USD/JPY long @ 120.30