My Analysis
Be careful going long on GBP/JPY
Daily:
4H:
We’re inside the bear flag yet, a breakout below 147 area is recquired first, for further down movements. Technically GJ is forming a BIG bearish bear flag on 4h.
Trade Idea: AUD/USD – Buy at 0.8860
By actionfx
Trade Idea: AUD/USD – 0.8988
Recent wave: Wave v of wave (v) possibly ended at 0.9407
Trend: Sideways
Original strategy : Buy at 0.8835, Target: 0.8990, Stop: 0.8760
New strategy :
Buy at 0.8860, Target: 0.9000, Stop: 0.8795
Although aussie has risen again after yesterday’s retreat, loss of near term upward momentum should prevent sharp rise beyond 0.9055 [...]
