Based off of wyckoff this base is looking like re accumulation/absorption and I expect and 1:1 move if this 4hour closes above resistance. We have strength in the background so this should be a low risk long
With the feds printing dollars and assets rising its safe to say we are in bull market for now I would take half off and let the rest run when target is hit
This looks like a failure swing on the HTF I expect this to be a big drop for usdjpy since the TN1! is looking super bullish which means everyone will go to the yen as a safe haven. But I would take partial profit at 109.050 level then let it run.
Seems like January was a rangy month for the pound and reversed on the 16th and this was just the retest of the month low so I expect February to be a trending market for the pound and expect it to take January high.
Bodies of the day candles are staying above a daily breaker and on the lower time frames market is showing bullish signals side note stock market has been making new highs yet gold failed to make new lows which is usually a good sign.
