This should open the way to even lower territories now...
I'm not expecting a sudden/steep fall, but perhaps just a more gradual one...
Gold momentum getting to look weaker (but I may be wrong)...
Take my charts as a very large grain of salt. This is just my upside idea for USDJPY pair... (If this pair should go up...) (My older ideas have all been vastly-bearish for USDJPY...)
Just looks more probable to me... GBPJPY (inverted) Just my POV. Regards.
This pair has already completed it's historical run-down (more or less); so what is next to happen...? I personally think that it has already hit a very strong-support area (& would have great difficulties trying to move lower from here)... We can observe the price of crude oil & strength of the Pound to reinforce our speculation for this pair... (If crude oil...
Not sure if a "topping" is kind-of in the making...
To continue to climb higher/further in a progressive manner (not too-easy to break-down as of now/yet)...
In my opinion, this looks legit & highly probable to happen...
Looks to be in the making and going to burst out soon (in my opinion)...
I guess the price action for this should be rather similar to the USDCAD pair... (The Mexican Peso is also highly influenced by the crude oil price...) If crude oil price is going to be very volatile & decide to rise or fall significantly, then we should also expect to see a rise or fall in this particular pair as well... In addition, also pay attention to the...
If the USD should start to rally (quite significantly) once again... And (or); If crude oil price should start falling (significantly) once again...
I think there is still more room for this pair to fall (down to the supports)... (After that, we shall wait for the BOJ to come in to jawbone this pair all the way back up to the highs - After this run down perhaps...)
Something that came across my mind (to look at it upside down as CADUSD)... This is USDCAD - SHORT (Possible longer term downtrend?)
NGS or NGAS seems to be on a stronger up-rally more recently... No doubt that it has already started to rally earlier (just like crude oil)... Some experts' sentiments seems to be for more upsides in the coming near future... Lets see if this one can push higher...