Again not trading this but we are at the 0.618 Fib, so possible retracement before a continuation onto 84.00
WSF M5
WSF M5
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DislikedDespite the initial sell-off, the second half of Tuesday's session saw the pair edge back towards the unchanged mark and in terms of technical levels going forward, the 50DMA at 82.38 represents the next major level, which once breached will indicate that momentum has turned Bearish.
Talking ForexIgnored
DislikedI can't see me taking any long position until this level is cleared....except a scalp here and there perhaps.Ignored
DislikedI'm in the same boat until the dust settles a little more. There has been some good scalping setups over the last few trading sessions. It will just be a case of going back to basics whilst using RANsquawk and having a little fun.
I'll post any live scalps I take as I enter for shits and giggles.
Following on from my previous chart hitting the 0.618 Fib level, we are back up there after the bounce and looking to play kiss chase with 84.00 (daily R1). If sellers get in control a push down to the weekly pivot at around 83.50 is expected.
No money...Ignored
DislikedFollowing on from my previous chart hitting the 0.618 Fib level, we are back up there after the bounce and looking to play kiss chase with 84.00 (daily R1).Ignored
DislikedLooks like the Dollar is really driving this pair at the moment.
With US futures dropping this should push the Dollar higher as they are negatively correlated. Stops still reported above 84.40.Ignored
DislikedHere's an updated chart of the above showing the correlation between the Yen and Dollar. It's turning bullish on USD/JPY as the orange line rises (Dollar) and the purple line begins to fall away (Yen).
As you say realjumper, that 80.40 level is key.Ignored
DislikedHere's an updated chart of the above showing the correlation between the Yen and Dollar. It's turning bullish on USD/JPY as the orange line rises (Dollar) and the purple line begins to fall away (Yen).
As you say realjumper, that 80.40 level is key.
USD/JPY correlation M15
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DislikedPerfect touch of 84.00. Immediate downside risks come in at 83.76 with a possible move back down to the weekly pivot once again.Ignored
DislikedGetting bored, might be tempted to take a short scalp towards 83.5 around 84.20 if it resists there...
H1:
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