USDJPY showing a good ROI entry we can see that the USDJPY has bounced off the 50 and now the 38 there is a few pips not a lot at this stage
GBPJPY look for a possible downward turn @ 137.30 area GBP has been a little tricky lately trade this with care
Bitcoin Long above 9700 Short below " Simples 9700 is the key Pivot level zone to the long and short answer here
EURGBP long term short while 92 holds 92 is our stop here and mid 80s is our target zone
GBPUSD look to re enter short on the daily 50 fib level DO NOT GO JUST OFF THE TRENDLINE , VOLUME ALWAYS WINS
EURNZD Staying short we carried this position over the weekend and now have taken a 2nd short position either will bounce of the 78 fib or the trendline
USDJPY is forming a potential bounce back to mid 106 level where we shall evaluate our stance
WE COULD WRITE A 2 PAGE BLURRB ON THIS GOING BLAHH BLAHH OR JUST LET THE CHART DO THE TALKING YES LETS LET THE CHART DO IT
Make the 8 hour time frame your main chart Only if you want to make money in Forex that is
The GBP is facing a Double wammy " Global Covid Recession and No Brexit means SHORT the GBP to us Brexit negotiations are OFF Short the GBP Now Boris did not get his way , Merkel is standing firm
With an NZD election this weekend and the much favored current Government due to win and basically with a Weak Eur and a strong safe NZD we are short for a while
AUDUSD 7040 possible breakout to 68 we are currently +120 pips at time of writing and we are looking for a possible breakout below to 68
please see chart for our GBPUSD Forecast and thoughts
Forecasting a revisit to 88 very soon
GBPJPY longed from the pullback trendline Combo
the markets will not take this very likely and we anticipate some serious knee jerk early market reaction UJSD was dropping before Trumps latest sickness will continue down I just Love October , always a volatile month have a great week all
we are poised for a market reaction to Trump reported Corona sickness love Trump or hate him , no one wants to see any president with a live threatening sickness especially the markets markets will be very very USD jittery similar with the USDCHF