Xonny

Xonny

usdjpy may encounter a possible resistance at around 107.93, the level seems to also be the 38.2 fib level of 113.52 to 104.64. a quick short may be experienced at that level as prices seems to still be on a descending trend... i ll be looking for short opportunities around this level stop loss ll be placed directly above the most active resistance candle stick

Xonny

USDJPY is still trading below its 50EMA and may be held down by a descending trandline @ 110.35, a break above this could lead up to 111.54 which is a long standing resistance and also the 50EMA point.. we will be watching prices at this level for short opportunities

Xonny Updated 

USDCAD has broken out of its range in the 1hr timeframe and seems to continue its upside trend, the 50 and 20 EMA is also crossed suggesting the uptrend is intact... we will be looking for a pull back towards 1.3519 resistance turned support for entry....this trade becomes invalid should the pair break back below this new support...the pair has a potential target...

Xonny

USDCAD has just broken the neckline of what i can call a SHS at1.3450, this support has now turned resistance and is expected to hold back further rises, this is further confirmed by a descending trendline which holds the pair from moving high in the daily timeframe. while there is no guarantee that the pair will not continue higher in the next couple of day,...

Xonny

We need to be watching this pair for a break above the descending trendline... the 50 and 20 EMA has crossed though not signifiantly so we will need to see a follow up on this one so as to turn bias to the upside... once we confirm, the trendline becomes an important support.

Xonny

guided by what looks like a double bottom in NZDUSD we believe that the bais is on the upside. however the pair has broken above its 50 and 20 EMA and has set 0.7010 as support... as long as this level isnt broken we expect the pair to rise to 0.7050...this can only be invalid if the pair breaks below the mentioned support or below the 50ema

Xonny Updated 

USDJPY held support around 112.39 and formed some form of an engulfing on the dailtTF...this indicates that further upside should be expected in the pair...though a fast moving pair for now the pair may not reach my initial support zone but for proper risk management i prefer that support zone because no one truly predicts the market... however a break above...

Xonny

the dollar seems to be correcting yesterdays fall but i believe it wont go too fast.... retest of yesterdays low is still expected...and i believe that short term reversal on USD/JPY will hold at around 113.64