EURJPY EurJpy has retraced to the level i had previously highlighted.I'll now be waiting for a decent bearish signal between 128.9 and 129.5.This signal should be on the daily or H4 time frame. Profit target will be its current swing low which is 126.9.
GBPUSD Since I am bearish in this market, i will not be looking for bullish signals at 1.305 though they may be pretty profitable. I will be waiting for price to retrace to 1.33 and here i will look for sell signals with 1.305 as my profit target.
EURJPY I went short on this trade on 7th of June after price retested the 129.5 area. Ill be looking to add to my short trades if price retraces back to that area.
FX:USDJPY I will only be looking to trade this pair the following ways. Option 1: Price retraces back to the 108.8 area. Here i will be looking for a buy signal and will take profit at the nearest swing high. Option 2: Price goes through the 108.8 area and then retraces upwards to the support which has now become resistance zone. Here i will look for a sell...
SGDJPY A retrace to 81.5 will be expected. Here i will be watching for sell signals with take profit being recent swing low.