Major uptrend on the daily chart is there... 4h is still ranging... breaks above or below can show us new direction and new possible opportunities can occur to participate in possible new swing moves....on the watchlist...
If we see the break below horizontal support, we can expect possible bearish momentum... if that will happen we can look for short opportunites below, to target next major daily support areas.
USD/CAD is still in heavy downtrend direction. We saw some daily bounces up, which means price can take a breath and retrace a little bit to the upside, retest the levels of resistance first, before we can see possible bounce of major daily resistance zone.
JPY is very strong which is also showing on GBP/JPY . This pair is still in major downtrend direction, even tho we see some spikes on the daily candle. Price can retrace back to resistance zone first , before we can see break higher, or another bounce lower and continuation to the next level of support.
JPY is very strong which is also showing on EUR/JPY. This pair is still in major downtrend direction, even tho we see some spikes on the daily candle. Price can retrace back to resistance zone first , before we can see break higher, or another bounce lower and continuation to the next level of support.
USD/JPY is still in the major downtrend direction. What we saw on Friday is this spike and bounce off the major horizontal support level, which mean price can take a breah and we can expect a possible retracement back to previous resistance zone. Second scenario is , if we see more bearish momentum to continue in upcoming days we can see move lower to next support zone.
