GBPUSD MAY HEAD DOWN

The GBPUSD broke an important support line yesterday with the RSI trendline and price trendline broken - important support lines. To have a better confirmation and a ride down, we expect a Sell limit withing the resistant zone of 1.6420-1.6313 for 100pips stops and TP

Enjoy

USDJPY MAY BE TURNING DOWN

I will be explaining some facts with my chart below believing that the USDJPY may be turning down:

I have had clear negative divergence on RSI (red trendlines) and price for a long time and the down trend confirmed with break in the bollinger band trendlines (blue) and break in RSI trendline (blue). These indicates that the USDJPY might be turning down.

Good to make a short now or wait for price to hit the upper band of the bollinger band.

Check below for other USDJPY analysis.

James Ayetemimowa

USDJPY - MAY BE SET FOR A DIP

The daily timeframe closed below the middle bollinger band with the MACD support for a DIP in same timeframe.

4Hr timeframe also helped with more clue with price action at the lower band zone and MACD still pointing down.

30min gave good entry for a short below 91.16 for another 100pips.

Further explaination by clicking our trading plan link at the MAIN MENU above - go for RSI TREND - BOLLINGER BAND DIPS AND RALLIES

Enjoy.

EURUSD - UPSIDE EXPECTED

With the major correction to the upside of the EURUSD as indicated with the MACD daily timeframe,

4hr CCI rising from the oversold region gives a good indication for long.

A good entry in the 30min timeframe we can plan an entry from 1.45000 for a 50-100pips, stoploss should not be more than 100pips.

Enjoy

GBPUSD - DIP EXPECTED

Happy New Year!

The GBPUSD, having hit a strong daily timeframe trendline,

a dip is expected, even with the 1hr trendline break.

1hr MACD going below the waterline with the bearish divergence will further confirm the bearish bias.

Stoploss suitable at 1.62380 with an entry at the break of  1.60810. Take profit should be about 100pips, trailing every 50pips.