Based on the setup of resistance being rejected and the momentum of the initial drop, you can say it is a good time to sell GBPJPY. There is news coming his week for GBP, so beware of the impact of price action. Take Profit: 190.0-189.75
As resistance came into a halt, we are finding that EURUSD can make its way to sell anytime soon this week as you have Unemployment Claims today for the USD.
There is enough support for Gold that has been building up from Friday's NFP news. Therefore, we could see it go for a long.
As more resistance is building up around $1900+ for Ethereum, it has a chance to rally downward. Therefore I can see it sell at a target price between $1770-1825 as it drops.
There is resistance that is forming for GBPUSD of creating a higher high. Therefore, it is looking to sell soon by London hours after today’s Federal Holiday, which there was no volatile movement.
There is resistance upon USDJPY, along with the impulse red candle that gives it a sign for a sell. Currently, there is consolidation on the pair. Eventually, we should see a drop by the end of the week as it sell.
EURGBP has been on a wild ride of price action through a downtrend in the past couple days. However, it appears to have done a breakout as a buy position. Therefore with the downtrend retracement that hit support levels, we could be seeing EURGBP going for a buy. TP: 0.8585+
There seems to be a change of direction with XRP after the downtrend for price to rally up. After the long breakout, we could see a retracement with price at 61% of the fib. With that being said, XRP looks to go up for a buy. TP: 0.64+
We seen a breakout for EURJPY, as it retraced to the 78% level of the fib. Therefore, we could see EURJY as a buy setup. TP: 132.1
The market for Doge is creating enough support as we seen price started it’s breakout. Along with breakout, price retraced to the exact same levels of support multiple times creating higher lows. Therefore, we could see Doge to rally up for a TP .252+ and .259+
As resistance is occurring from the uptrend market, it could be safe to say that USDCAD is looking to create a downtrend movement. It has reached the high of the day, then created a retracement of 78%, creating a high lower. TP: 1.237 OR BELOW
As there is enough support for EURCAD after numerous news from EUR last week, we could see this pair going for a buy. Retracement: 78% TP1: 1.47+ TP2: 1.472+
After the long breakout yesterday for XRP, there is a consolation of price that hit retracement around the 78% level. Therefore, we are looking for a buy. The take profit I suggest for XRP using the Fib Expansion would be .628 cents. TP .628+
As GBPNZD is seem to be forming a sign of resistance of wicks, we could see a downtrend is forming for price made levels to the 62 percent of the fib retracement. The fib expansion helps on setting levels of where our take profit would most likely be due to the retracement, where I have take profit one: 1.983, and take profit two: 1.978, based on price action.
After FOMC news yesterday for the USD to rally up USDJPY, a correction is being made for the pair as it is at the Fibonacci Retracement zone at 62 percent. From the implies and correction, there is a chance for continuation for USDJPY to buy. TP: 110.55+
After the CPI news for the AUD currency, GBPAUD has made a retracement on the 61.8 Fibonacci level that is looking to bounce up for a buy. TP: 1.796+
Based on today and couple days of the market dropping, we could see a reversal for a buying opportunity for Ethereum. The Fibonacci Retracement of price dropping to below 1.00 and long wick candlestick gives a strong confirmation to buy. TP: 2350+
Since price broke above the resistance level in the London session, we could expect GBPJPY to rally up after the fib retracement Gold zone level. Plus, the green candle of the retracement is an inside bar from the previous red candle. Therefore, it is a high chance to rally up. TP: 153.4+