99,78. USDJPY currency pair is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. We won’t take a position while the volatility is high.
Resistances 101,10 – 103,10
Supports 99,50 – 98,75
Short term (Intraday)
173,77. GBPJPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bearish configuration. The price should find a resistance below 177,50 (373 pips). The downtrend should continue to gather momentum.
We could take a short position at 175,50. We will put the stop loss above 178,00 (-250 pips). The targets are 172,20 (+330 pips, risk/reward 1:1.3), 170,00 (+550 pips, risk/reward 1:2.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances 176,00 – 178,00
Supports 172,20 – 170,00
Short term (Intraday)
1,3598. EURUSD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EURUSD. The downtrend should continue to gather momentum.
We could take a short position at 1,3610. We will put the stop loss above 1,3700 (-90 pips). The targets are 1,3475 (+135 pips, risk/reward 1:1.5), 1,3350 (+260 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances 1,3660 – 1,3785
Supports 1,3550 – 1,3475
Short term (Intraday)
1,7592. GBPUSD currency pair is in an downtrend directed by 1H exponential moving averages. GBPUSD is in a consolidation after the last bearish movement. The price is just above 1,7550 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBPUSD. The price should find a support above 1,7550 (42 pips). If the support is broken then the target will be 1,7280 (312 pips).
We are waiting for a break of the support to take a short position.
Resistances 1,7650 – 1,7705
Supports 1,7550 – 1,7425
