A big push up today will need a little retracement now, after hitting the 61.8 on 240 charts. Also, a double top, be careful as traders holidays season but market makers are still at work.
I am waiting for a pull back around 109.92 with a 30 STOP and reaching 110.68 taking off 50% profit 110.23
The JPY has tried clearly 4 times to break and go find support @ 118, as the yen is trying to do everything in its power to weaken its currency. Most swing traders are in it one swing too late.
I never use lagging indicators but here you can see with the Macd something is a miss.
Still we can wait for the break out either way but most of the trade would ...
Fundamentals will play a big part of these two in the next three months.I believe a new push to the 1.455-1.4600 level and then as Brexit uncertainty a fall to 1.3800 and maybe as low as 1.3400
I will be looking only for the big highs and the very lows for my trade on this pair.
A small trade and only buy the breakout.Now moving in a downtrend a continuing my guess at a cup and handle look at my previous chart.
This is not my normal trade. rsi not in overbought territory but I think will need to see another bounce off the trend to then push up to 0.5340 from the low of 0.5280's
i will be looking for the lows of 05100's for a big push up ...