Technical Analysis
GBPJPY Forecast 28January
Price: 146.02
Bias: While 145.50-60 supports we should see a retest at 147.28-45 before lower again
Resistance
146.13
146.44-74
147.28-45
147.81
148.48
148.72-00
Support
145.50-60
145.00
144.45
144.05
143.63
142.91
The underlying MT direction is bearish while the daily bias is bullish. Therefore it is likely that any gains are corrective only. Note resistance levels that could stall any rally. Consider bearish set up patterns at key resistance [...]
Trade Idea: USD/CHF – Sell At 1.0255
By actionfx
USD/CHF – 1.0170
Most recent candlesticks pattern : N/A
Trend : Near term down
Tenkan-Sen level : 1.0259
Kijun-Sen level : 1.0259
Ichimoku cloud top : 1.0381
Ichimoku cloud bottom : 1.0342
Original strategy
Sell at 1.0390, Target: 1.0210, Stop: 1.0440
New strategy
Sell at 1.0255, Target: 1.0100, Stop: 1.0320
Despite rebounding to 1.0386 last Friday, the greenback faltered below the Ichimoku cloud top and did fall sharply from [...]
