We have entered oversold territory where we have seen a previous large rejection from - Led to a 50% increase. After consolidating around 1.20 for a few session we had positive earnings that led to another 50% rally of 1.20. Even though earning where just negative this is oversold territory for JCP .
Hello guys. I think there is potential for a bullback here as Dollar index in at previous highs. The trendline has potential. Disregarding the flash crash manipulation, the trend line could support a 50 pip pull back.
Although my overall outlook is US dollar trend is strong and will continue.
Awesome Trade Yesterday Folks hope you had some profits from that.
Here we are entering NZD/JPY where there has been previous support and where we currently rallied from.
We are currently drifting upwards although i do not think this pair is ready to hit the .236 Fib yet.
We look for another retest of support, where we can get the highest probability setup.