The pound has been showing some strength during this week and I belive it has much more strength under its belt. GBPCAD is now setting up an intraday long setup with price down at support and now rejcting off the 50ema. A pin bar forming now would also give extra confirmation. Look to take profit at previous highs, unless price action shows otherwise.
With a strong dollar at the moment and Euro being a strong bearish trend, I will be looking at taking a short intraday positon, we are now at a strong level of resistance found on 1h, rsi is currently overbought, now waiting for price to reject off the 50ema for confirmation. Once postion is taken I will look to take profit at yesterdays lows. I will close the...
NZDUSD has recently been showing signs of bulls coming into the market with the 4 Hour Chart showing us a Higher High And Higher Low. If price begins to retracing then I will be looking at price coming down to test Monday's high to take a long at around 0.67671 - 0.67622
Now USDJPY has been looking bearish of recent however it has shown that bulls are in full control from the daily to the shorter time frames, this has been established well after first breaking 110.684 and then breaking 111.390.
Price is currently pulling back and bulls could start rallying the price at 111.438 - 111.320. A break of the bearish Trend Line...
OANDA:AUDJPY
AUDJPY could be about to make a bounce either between 85.124-85.063 or could be reaching for 85.313, we do have a bearish trendline through 85.124-85.063 I would be looking to take profit at 84.018 and 83.550
