GJ today with the News, broke out of the Uptrending Channel where it has been for the past days. Now I see 2 scenarios:
a. It retests the Channel and dives down
b. It breaks back into the Channel and continues the Uptrend
GJ broke its downtrend, and it is now probably forming its next Higher Low. GBP news pushed it down today so, it either forms its next Higher Low, or dives back into the next 136.600 Support Zone.
UJ is currently forming a nice flag down at the area of the strong Demand zone in M30. This means that it can anytime smash it above, or below, for a good intra-day trade. Prepare your alerts!
GJ broke the flag from above yesterday, continued straight up and now it is close to the 138.000 Resistance zone. I would wait for a retest and short it with caution, proper risk management.
Gold is forming a flag since yesterday in the hourly time frame. The flag is close to a strong Supply zone so it could jump up to the zone or fall down as long as it breaks the flag pattern. I would wait for a strong candle signal to hit an order.
Pound vs Yen is currently forming a range, or flag in a very low position in the market, near a big demand zone. It could anytime soon break it above or below for 50+ pips.
