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
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 ...
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.