luxurysingh

luxurysingh Updated 

The USD/JPY rose on Friday for the fourth-day in-a-row, extending weekly gains to more than a hundred pips. During the American session peaked at 109.88, the highest level since December 31. It is about to end the week on a strong note, trading around 109.70/75, 125 pips above the level it had seven days ago. A critical event in the US continues to be the federal...

luxurysingh

EURUSD has been dropping a while & has now approached a weekly trend line. It gives good opportunities to long with a tight stop loss for an aggressive trader & a slightly larger stop loss of 60 pips for a more conservative trader.

luxurysingh

Recent tensions with US government shutdown has been causing a bit of havoc however, with more meetings coming up deciding the shutdown, we could see Gold hit one of those targets.

luxurysingh

A combination of GBP weakness and JPY strength helped to produce a really ugly start to 2019 price action for GBP/JPY. There may be scope for continued recovery here, however, as the GBP had climbed for 16 hours last week, it may expect a drop before it then moves upwards again.

luxurysingh

Understanding the moves USDJPY has been making, especially after the recent 'flash crash', we can see its starting to shift into a bullish momentum overall as shown on the weekly chart. We can see reversal candles forming on the weekly so expect a pullback to grab liquidity before the push up.