There is USDJPY cypher formation comming up that might be supported by US (GDP, Conumse) and JPY (House spendings, Retail traded,...) news comming in next week.
From the start of the week we might be looking into small long followed by bigger short around 114.15 area going down to 111.60
There is a combination of Gartley and Bat formation on EURUSD whether will bat will finish its formation or not EUR will go higher little bit again in short time perspective.
There is a nice Bullish Bat harmonic formation forming up in EURUSD that could be supported by today´s US PMI numbers. If we hit 1.0620 I would go for small short position to 1.0560.
GBP/USD might start to form Gartley pattern or bearish cypher pattern. Garley projection drawn. Based on negative data on both sides (US dolar retail sales and GBP consumer price index) it might involve higher risk for short position as current US news strengthen rate hike delay but from a technical point of view I would go short at current price for smaller...
EUR/GBP closing in on good long position with bat completition. Together with a situation in GB I would go long around zone 0.71 - 0.7150 and head for a new highs.
Australian dollar vs. Japanese Yen is forming two harmonic patterns both going for long sooner or later. I'am going long in hope of a bat reversal now.
There is a cypher pattern forming on USD/JPY showing possible correction to 119. Although stronger US labour market and possible soon rate hike with JPY Nikkei at strong resitance level I decided to go short with USDJPY.
