YOUNGFXTRADING

YOUNGFXTRADING

#GbpJpy can rebound to 152.50 resistance In the past 6 weeks, GbpJpy fell hard, from a top around 158 to a low just under 150. At this moment the pair is trading in a strong support zone and a rebound is probable Buy dips under 150 can be a good strategy for a rise to 152.50 resistance and a risk:reward ratio of 1:3 YOUNGFX

YOUNGFXTRADING

EURUSD may accelerate After the impulse drop in the beginning of this week, EURUSD is currently trading sideways. In situations like this, it's better to wait and look for trades once everything is clear. Yesterday the pair held above 1,1300 and that showed us this move doesn't have enough strength to continue lower. That's why, today we're looking for a...

YOUNGFXTRADING

#Gold- We have a clear bottom now In yesterday's comment, I said that Gold could reach 1812 and that 1780 acted well as support. Now we can consider this support a clear bottom, FOR NOW, and also the double bottom that I've spoken about yesterday is in play. At this moment Gold's price is hovering just under the important 1800 figure and a clear break above would...