Well it looks oversold according to rsi indicator.....If price holds support above 182, than price should recover to 183Yen. A close below 181.60==continuation to downside....But at the moment it looks like a developing bullish bat as well....
Short @ 1.3385 (bearish butterfly)
TP @ 1.3340
SL @ 1.3415
Option b (trade with trend)
As price is trading near yearly highs, so we know price can spike to upside.....But only buy above previous high breakout....
Buy @ 1.3420
TP @ 1.3520
SL @ 1.3320
In my view we're currently in an impulse wave C or 3rd wave==this thing can fall further down :p.
sl @ 0.9850 (500pip)
short @ 0.9350
TP @ 0.9050 (300pip)
For buyers :)
Golden buy==0.9013 (major support level)
SL @ 0.8500
TP @ 0.9500
Well we have a double bottom, in GBP/CHF. So, i'm expecting price to rise to 1.4980, as we'll also be having U.K second GDP data release tomorrow on Friday...
buy @ 1.4785
sl @ 1.4285
tp 1 @ 1.4985
tp 2 @ 1.5175
Buy @ 0.9500 (end of wave 4 and beginning a elliot wave 5)
TP 1@ 0.9720 (Dollar recovery target)
TP 2 @ 0.9900 (possible if Non farm payrolls is better than expected on next Friday September 4th)
TP 3 @ 1.0401 ( in case we get a Fed hike by Feds==wave 5)
SL @ 0.9200