Here we have USDJPY making LH and LL which there could be a potential pull to the downside.
This potential drop could form a LH.
Confirmation of respected zone (wicks).
Potential drop of 30 pips.
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-Evening star formed on 4HR TF
-Potential resistance around highlighted zone.
-Forming a pattern on 5min TF
-If breaks the momentum trendline we could see a target of 108.00
Only valid until the end of today.
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Here we have GBPJPY stalling at this potential resistance. The optimum entry which I have got in is around 140.20 level. If this trade plays out well, It could fall down to the 139.000 level. Trend line (3 taps) around the resistance level too confirming my analysis alongside some good rejection too. Potential support around the 139.70 region which will be broken...
Here we have a potential support level where the pair could potentially could reverse from. Good rejection shown on the lower time frame which supports this trade. This can be traded to the next resistance level to 1.8000 threshold.
Here we have EURNZD at a potential resistance level where the pair can reverse from. There is great rejection on the lower time frames so this can be a good sell with a target up to 100 pips.
Medium impact news expected at 13:30 & 15:00.