Daily Analysis \ EURJPY Sunday 12 FebShort bias on Euro. Expecting a move higher at the start of the week and then an aggresive move lower after CPI on Tuesday.
Keep an eye on these specific levels.
Jpyshorts
GBP/JPY Short analysis 280-300 pips possibilityThe overall trend for GBP/JPY last couple weeks is for short. I've made this analysis considering various elements in technical analysis which have been respected and some zones that the price has been rejected into aswell in the past.
Couple of chart patterns such as support/rezistance, trendline and fibonnaci have been respected in this analysis, so there is a high probability in the next couple of days for this pair to continue the down trend.
Any comment/suggestion is welcomed .
Japanese Yen, is it now to correct the bull move?All major pairs beat Japanese Yen for weeks, very strong bull move. Not to mention the USD. NOW, with an exception of USDJPY, is it now to do the correction. This week signals for the correction, 4H swing low have been taken (EURJPY, CADJPY, AUDJPY) and need confirmation next week, when bull re-testing this week high. The moment of truth :)
If bull fails, this would be interesting. Embrace the mighty bear's move. It is very likely the bearish move would mirror the bull move, STRONG AND LONG bars.
GBPJPY 4h timeframe shortsGBPJPY is one of my favourite pairs I expect this pair to drop to the downside we had 100 pips move to the upside today, this could possibly go little bit more higher and consolidate for sometime then it could drop to the downside hopefully break previous lows of 155.00 and 153.00, it is possible for this pair to make new highs of 159.00 and even 160, but my opinion remains shorts and I expect it to drop, lets wait and see...
