I see more room for a push up for EurJpy possibly to the 61.8 on the fib retrace. The next stop would be the 78.6 area where mother 200 EMA is waiting =) Patience is key and waiting for these corrections to complete.
As we can see, the closing price has exceeded the lower high for this ABC correction with the "C" leg. I expect this to either reach the next level of resistance for possible consolidation, or complete a full retrace before considering to short again. I will follow
I do expect for the dollar to breakout south eventually, but I dont think she is ready just yet. I see one more possible push up, to eventually break this ascending channel. Nice candle rejection on support for market close. Lets see what she does this week.
Waiting for this shoulder to close, but I dont think its over for this pair. I see a nice long correction to the upside to the 61.8 range, then short for form a right shoulder. I like this setup and will follow.
The Yen closed the week with a price higher than the previous structure close, to the left. The bullish wave is staying on top of the BB 20 indicating a short-medium term bullish run, possibly to reach the highest previous high. I expect a short period short, but then I definitely see strength picking back up to finish this job. Cheers to the Bulls!
Sorry for the busy markup (haha!). Mr Franc appears to have come due for a nice correction short here, expected to be a bearish trend. He has reached a nice resistance from structure. Lets checkout those Swiss pairs =)
Ascending channel for GbpNzd which has broken with false breakout to test the low high of the bearish trend to get rejected, then retest with another rejection to push down to support. I am looking for another break of support for the possibility of a great short opp.. Lets get it in Bears!!!
UsdChf has broken through the low high resistance from the bearish trend. The bullish candle has also pierced through and closed above the 200 EMA. I am looking to buy the pullback and I expect for USD to break the wedge resistance. Cheers to the Bulls!!!