JunHeeHan

JunHeeHan

There is a resistance formed at 143.5 area, and the price action has been quite up and down recently, so it is likely that the market will go into consolidation phase, which means mean reversion trading. I would personally take this trade down to about 142.7 ish level, which is where the resistance is at, and monitoring the trade possibly to 142.3 area, which is...

JunHeeHan

High probability short at 183 level for GBPJPY. 1. There is a break of structure from the heavy uptrend, and there has been enough consolidation period for the trade to be valid. 2. It is right against the trendline that can be formed 3. As of recent GBPJPY has been reversing about an hour after the US open I would personally take this short with s/l at the...

JunHeeHan

GBPJPY is in heavy uptrend, and it seems to have hit the retracement point bottoming out at about 182.7, I would put my stop around there and take it to the upside, possibly to 184 area

JunHeeHan

The chart shows a support area that has formed at 6675 area, which happens to be the 50% retracement area for the big swing up we had last month. This is seems to be a high probability buy.

JunHeeHan

The rejection at 181.5 shows a strong buy for GBPJPY

JunHeeHan

People have taken profit, so it appears it will go back up

JunHeeHan

It has gone up and up, since the BOJ isn't particularly interested in increasing their interest rate. But traders need to take profit, so I believe there will be retracement to around 140.5 area. This is a counter-trend trade, so perhaps looking for the buy from 140.5 is more sensible, but what is trading without risks.

JunHeeHan

The GBPJPY is around its 170 resistance, it has not quite hit that mark but is quite close enough, and the US news could not push it above the line, despite the bullishness in US news. So it appears this may be a good opportunity to short.

JunHeeHan

EURJPY and GBPJPY have seem to hit it's level at the moment

JunHeeHan

There seems to be a resistance here, I might give it a go here, will try to take it down to 1.07, we'll see where it lands

JunHeeHan Updated 

If you are reading this it probably moved one way or other, but I think it will bounce off of 161 down to 160 till ny open

JunHeeHan

eurjpy has hit a support, so maybe it goes up, it did hit it tad bit early today, but it was kind of chaotic today anyways.

JunHeeHan

It has hit the support at 158.5, maybe it will go up a bit today, who knows

JunHeeHan Updated 

Big pump from today’s report, however, it seems to have ran out of gas, and had quite a reaction at 1.09 few hours after the news, seems likely to bounce back off of 1.09

JunHeeHan

There is support formed at about 130.5 area. Dollar overall seems to have hit the liquidity area, and seems like a likely push from here.

JunHeeHan

It appears to have hit the resistance, and i see a confirmation in 5 min chart, so it will probably go down to around 160 or even 159.5 area.

JunHeeHan Updated 

EURUSD hit resistance, it would be an ok short, it appears to have broken structure last week, and this is likely a good resistance.

JunHeeHan Updated 

Buy at support formed from 160.2 area, entry confirmed