Mr_Wogbe_Alex

Mr_Wogbe_Alex

The GBP/JPY is still struggling to break back into the channel. Apparently, the 142.00 psychological line is quite a powerful resistance for this pair. #channelguide #channeltrader.

Mr_Wogbe_Alex

As expected the resistance line at 1.2950 is a powerful one and the GBP/USD has once again failed to break above it. I expect a retrace to that line again, a successful break above course rapidly send this pair to the 1.3000 psychological line. However, failure to break above that line could send this pair the 1.2900 psychological line and the 1.2850 subsequently....

Mr_Wogbe_Alex

The EUR/USD failed to find buyers at the top of the channel at 1.0955 and is now continuing in a downward descent. However, for the past few hours, this pair has been consolidating which could be a sign that the bearish momentum is running out of steam. #channelguide #channeltrader.

Mr_Wogbe_Alex

The AUD/USD has found some buying power after the good data release. Price is currently trying to take the 0.6740 level after breaking the strong 0.6700 resistance. #channelguide #channeltrader.

Mr_Wogbe_Alex

The USD/JPY has been consolidating for a while now and is unclear what it's next move might be. In the meantime, the 110.00 psychological line is serving as a strong resistance for this pair. #channelguide #channeltrader.

Mr_Wogbe_Alex

So the USD/CAD has been bullish all through the year, however, it has gotten to a very critical point; a strong resistance coupled with the top of the channel. IMO, drop in price is imminent. This key level could send price down to the 1.3257-50 level soon. However, there's still room for this pair to reach the 1.3307 level before retracing. #channelguide #channeltrader.

Mr_Wogbe_Alex

The AUD/USD is currently battling with the 0.6700 psychological line. A break above this line (which I think is very likely) will send this pair to the 0.6720 level and subsequently the 0.6760 line. However, failure to break this psychological level could see price drop to the 0.6660 level and subsequently the 0.6640 line. #channelguide #channeltrader.

Mr_Wogbe_Alex

The EUR/USD is currently testing the top resistance of the mini-channel. IMO, I think it'll break above this channel and proceed to the 1.0993 resistance. However, failure to break above this channel could send this pair to the 1.0930 level real quick. #channelguide #channeltrader.

Mr_Wogbe_Alex

The GBP/JPY needs to gather enough bullish momentum to reclaim its up-channel. Its first resistance to achieving this is the 142.00 minor psychological line and a clean break above the 142.51 resistance to resume an uptrend (technically speaking). #channelguide #channeltrader.

Mr_Wogbe_Alex

The GBP/USD has begun it's run towards the strong resistance at 1.2950. A clean break above that level could see this pair take the 1.3000 psychological line and the 1.3018 level subsequently. This could further give it enough steam to resume the up-channel trend. However, failure to break above the aforementioned level could see the GBP/USD fall to 1.2900 and...

Mr_Wogbe_Alex

As expected, the EUR/USD obeyed the channel and should now be seeing the 1.0920 soon. #channelguide #channeltrader.

Mr_Wogbe_Alex

As expected, the GBP/USD could not break above the 1.2950. Next possible stop is the 1.2900 level and subsequently 1.2850. #channelguide #channeltrader.

Mr_Wogbe_Alex

According to the channel, the GBP/USD is set to dive even lower to the possible base at 1.2850. However, this pair might find light support at the 1.2900 psychological line. #channelguide #channeltrader.

Mr_Wogbe_Alex

So the EUR/USD has come under serious bearish pressure and might record new lows as the USD is doing pretty well thanks to favorable fundamental data. However, at this point, I expect a minor retrace in this pair to the 1.0970 level before descending to the base of the channel (1.0930). #channelguide #channeltrader.

Mr_Wogbe_Alex

The EUR/USD has tested the 1.0993 level for too long. I expect to see a mini-rally to the 1.1020 level soon. #channelguide #channeltrader.

Mr_Wogbe_Alex

The GBP/USD is once again trading at the 1.2950 critical support. If this pair can find buyers at this level, it could give it enough bullish steam to break the 1.3000 psychological line. After that, there's another strong resistance at 1.3050 and subsequently, 1.3080. A successful break above this price will see this pair resume its original channel....

Mr_Wogbe_Alex

The USD/JPY is exhibiting strong bullishness. Given the current predicament of the JPY, I expect this pair to continue on this uptrend to the top of the channel at 110.60, but first, it has to beat the 110.00 psychological line first (this shouldn't be a problem). Should it fail to continue being bullish, the next support is at 109.00. # channelguide #channeltrader.

Mr_Wogbe_Alex

The EUR/USD is currently battling with the 1.1000-1.0993 support area. It is very likely for us to witness a break below this support which will cause this pair to drop further to the bottom of the channel at 1.0940. The EUR is one of the worst-performing currencies for the week. Trade safe. #channelguide #channeltrader.