WE SEE A NICE DOUBLE TOP ON EURJPY AND A CLEAN 1H CANDE BOUNCE OF THE PREVIOUS RESISTANCE, A MOVE DOWN TO THE TRENDLINE IS VERY LIKELY
GBPCAD STILL IN TRENDING MODE, PROVIDING OPPORTUNITIES FOR BEARS
EURJPY IS EITHER REVERSING OR CORRECTING, GOOD RISK/REWARD FOR A SHORT TRADE
It seems that EURNZD is printing lower highs and lower lows suggesting continuation of the downtrend. At the same time we witness a clean bounce of our downtrend trendline suggesting the same scenario - a potential new low
Today we saw a very nice bounce of our downtrend trendline that is providing a near term resistance for USDCHF. If it holds and at the same time recent low is broken, it should trigger further selloff of the USDCHF, potentially till the end of the year.