USDJPY showing good support at the 107.00 level along with a double bottom formation, so expecting this pair to push up about another 150 pips before reaching any strong resistance. With the dollar predicted to become a safe-haven, this could be a really good trade this week.
Just an idea, don't trade based off my ideas, trade based on your own analysis and...
Looking to sell GBPJPY down to 133.20. Next support zone is at the 132.55 level. If price continues to reject that ceiling then we will be seeing this pair push down. Selling this pair from a D and 4H perspective. Trade safe!
Monthly chart analysis of gold, looking to potentially doubletop in the $1800 zone by may or june, or even earlier depending on how the market reacts to the corona virus in the near term future.
Bulls pushed, now gold is correcting. Next target zone is around $1700, gold is going to test this price level again and it will either reject it or break it.
Daily candles showing rejection to the trendline, as well as 4hour chart forming lower highs. If we see DXY bearish this week, then expect to short this pair. I will be waiting for either a bear flag or a rejection wick to the trendline and then a candle formation on the 1hr chart.
RSI is oversold, a perfect doji candle forms right after a big bearish push down on the 4 hour, and needs to retest after breaking support. Most likely will play the 0.5 key level on fibonnaci retracement
