1)Headed and shoulders neckline retest 2)trend line resistance level both confirm same zone = confluence.
Dollar weakness and with gold buys anticipating, expecting bearish momentum on USJPY.
Dollar weakness confluence as GBPUSD had hit the 61.8 retracement zone to move further up. This it to retest the breakout of trendline.
Double top formed at top of trendline ,expecting bears to push in also confluence with usdzar to drop.
1)Retest of breakout that occurred is now happening. 2)confluence level (meaning there more than 1 reason) 3) Thursday are reversal day by nature
1)Pull Back happening now. 2)ABC Elliots wave 3)Change of direction usually occurs on Thursdays
1)Monthly Pivot Maximum Support 2)Us30 bears = USDZAR Bulls 3)USD index bullish 4)Break-> retest to occur
1)Fibzone 50-61.8% 2)trend line move 3) Pivots buy zone
1)Mitigation Zone 2)Order Block 3)Pivot Monthly Resistance
1)Dollar index shows waeakness 2)Fibonnaci retracement zone 3)Elliots Wave
1)Pivots Resistance Zone (monthly) 2)Trend line resistance 3)weekly time frame supply and demand
1)Gold was ranging at support of trendline, then brokeout and retested to confirm sells. 2)DXY is Strong so we looking forward to gold weakness.
1)Supply zone at key Order block Zone. 2)joy has been weak for long half way through year it will now be strong for the last part.
1)Supply Zone 2)price has reacted in the zone always and JPY strength coming across all pairs.
1)Support Level 2)Tumelo JPY FIB 3)Pivots Support Level