GBPJPY filled the gap between its candles, and 10 & 20 EMAs yesterday. Target 141.15.
Over bought and over extended according to Fib Extension.
GBPJPY , after having broken the daily trend line , broke the daily support of 144.60 yesterday . Today will be the pair's second closing below that significant level. Next target: 141.15
GBPAUD broke the channel it was in since Dec 2018. 1.7930 is the horizontal support.
After the big drop caused by FOMC, UJ spent the past few days recovering. That recovery sems to be over. A breakout and retest on H4 of 110.10 will expose 108.70, or a a closing below 110.10 for more cautious traders.
In the after poor German data scenario, EURUSD is down funtamentally. The pair came down through the same gateway of year-long trend line, it it broke out on 20th March after the FOMC. Global economy sems like a copmetition these days of worst performances. The flattenning yield curve is also hitting hard. 1.1300 was a must hold support for the buyers which they...
RSI reads "over bought". Clear signs of bearishness on H4. Shooting star, tweezer-top harami so far on daily chart.
1.3470 is the resistance on daily chart USDCAD has to clear before its next target 1.3650.
In the after FOMC scenario, the downward trend of Gold seems to have changed. This up trend seems like a replay of Gold's movement from 21st Jan to 20th Feb. I sold it back then from top since it got over strentched accorrding to Fib Extension, and the RSI was below 30 on daily chart. If Gold gets up there again, same seems to be happpening again.
80.60 is going to be CADJPY's next target, resistance now being 82.40.
CADJPY is droping sharply. RSI is going towards over sold point, and by the time the pair hits its daily support at 80.55-70, it will be over stretched as well (1.618 Fib Extension). Bounce expected from that point to about 0.38% of Fib Retracement which is 82.40.
Wait for the breakout of, and closing below,144.60.
Wait for either bounce from the upper trandline or breakout of the lower trend line.