Aggressive Setup : Buying near 38.2% fibo is quite reasonable. Confirmational setup: Buying above 0.7045
Head and shoulder in play
Usd-Jpy :- I am not sure which count has higher probability that's why I've marked both counts.My trade plan is to scalp on bulls side for only 20-30 pips.
Rally in July from 1.0803 gave us corrective structure.As description in main count chart explains, we should see a low to get completed. MACD below zero without crossovers strengthens our view to in hold short positions and take profit near 1.0870s
Last week I posted a chart on Gbp-USd and advised buy near 1.5350s that must be opened yet with stops moved at breakevens. To add more to Gbp-Usd long wait for the resistance at highs to get broken.Price action still favors bulls on Gbpusd.1.5770s is ideal target for current long positions.
Eur-Jpy has short term down trend 134.35 is safe target for short positions