(binned per thread starter's request) Beyond the Daily Chart -

FOMC fails to impress, USDJPY bear took over and under 100.00 level.

Didn't look like there is a hike coming anytime soon.
December hike option is still open, but that's 4 months away.

Given the current condition, UJ is likely to go towards the low 99s.

100.00 shows a good resistant for the UJ bear.

This week I will be looking at the GBPUSD on the 1.2000 support and a possible Pennant down towards the 1.1000 level.


On the other hand, this week is news heavy on the USD and GBP. Plenty chance to see actions spark on the 1.2000 level.

GBPUSD Weel 10/23/16

Attached Image (click to enlarge)

GBPUSD continue forming pennant at the 1.2200 level. GBP GDP is due next week, a worse than expected number could fuel the post-Brexit downtrend towards its 1.2000 level.

On the other hand, we have USD consumer confident, Durable Goods and GDP due at the same week. Any Dec hike hint would also possible send GBPUSD south.


I will be closely following up with this pair.

You may also follow this idea on TradingView
https://www.tradingview.com/chart/GBPUSD/0mUPC5Jp-ForexTrading-GBPUSD-Week-10-23-16/


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Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

EURAUD Week 10/23/16

Attached Image (click to enlarge)

EUDAUD weekly candle closed below the major support level 1.4500 as ECB gave no comments other than left options wide open for December meeting.
Several more key news coming up next week and will give us a clear picture if the price decides to stay below the 1.4500 for the time being.

1. EUR PMI number
2. EUR German Ifo
3. AUD CPI -0.01% (https://www.tradingview.com/chart/CPI/)

You may also follow this idea on TradingView
https://www.tradingview.com/chart/EURAUD/YrxrrbHC-ForexTrading-the-EURAUD-Week-10-23-16/ (https://www.tradingview.com/chart/EURAUD/YrxrrbHC-ForexTrading-the-EURAUD-Week-10-23-16/)



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Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

USDJPY Week 10/23/16

Attached Image (click to enlarge)

Looking for a long entry anywhere above the 104.50 level via. a clear breakout. Several key data coming up next week and looking for a continuation on the recent bull (https://www.tradingview.com/chart/bullish/) trend.

You may also follow this trade idea on TradingView
https://www.tradingview.com/chart/USDJPY/60Ikz97F-Week-10-23-ForexTrading-the-USDJPY/



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Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

William, Dudley, and Bullard gave the "GO" on December hike as USDJPY break above the 104.00 level this morning.

Continue follow the USDJPY story on TradingView
https://www.tradingview.com/chart/USDJPY/60Ikz97F-Week-10-23-ForexTrading-the-USDJPY/




--------------------------------------------
Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

When it comes to how educational guess the odds of December hike for dollar, I would like to bring up this chart of mine which is showing the Fed officers have a pretty strong believe in hike by 2016. I'd say that's a pretty go reference.

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Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

Great.

USDJPY continue advancing towards 104.86 after US service reported expands at the fastest pace since November 2015.
US GDP is due in less than 48 hours now.

Attached Image (click to enlarge)

Follow this trade on TradingView
https://www.tradingview.com/chart/USDJPY/60Ikz97F-Week-10-23-ForexTrading-the-USDJPY/



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Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

GBP GDP is due in less than 12 hours.

Will the tight range action break for GBPUSD?

A worse than expected number would further deteriorate post-Brexit situation.

Attached Image (click to enlarge)

Follow this trade on TradingView
https://www.tradingview.com/chart/GBPUSD/0mUPC5Jp-ForexTrading-GBPUSD-Week-10-23-16/



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Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

USDJPY ends the day well above the 105.00 level as Pending Home Sales showed better than expectation.

Attached Image (click to enlarge)

USD GDP number dues in less than 24 hours.

Follow this idea on TradingView
https://www.tradingview.com/chart/USDJPY/60Ikz97F-Week-10-23-ForexTrading-the-USDJPY/



--------------------------------------------
Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

GBPUSD
GBP released a better than expected GDP today; however, it failed to save the day since we are still expecting the future of Brexit. GDP gives NONE of that.

Attached Image (click to enlarge)

USD GDP is due in less than 24 hours. GBPUSD possibly is looking at another leg down towards the 1.2000 if the Dollar bull continues.

Follow this trade idea on TradingView
https://www.tradingview.com/chart/GBPUSD/0mUPC5Jp-ForexTrading-GBPUSD-Week-10-23-16/



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Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

Looking for any opportunity to get my hands on shorting the GBPUSD and hold on to till the end of this year now.
I am curious if anyone is interested doing the same.

okay, let's set it up for November for USDJPY.

Also on TradingView
https://www.tradingview.com/chart/USDJPY/wEc5jawD-November-2016-ForexTrading-USDJPY/


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Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

GBPUSD setup for November

Attached Image (click to enlarge)

Also on TradingView
https://www.tradingview.com/chart/GBPUSD/j3YvyBkK-November-2016-ForexTrading-GBPUSD/



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Trade Idea on TradingView @FXSayWhat (https://www.tradingview.com/u/FXSayWhat/)
Trade Tweet on Twitter @MidnightLambada (https://twitter.com/MidnightLambada/)

USDJPY possible retracement back to the 112.00 in early 2017. Given the fact strong dollar will potentially hurt the US economy and fail of reaching the inflation target after the first hike.

We already seeing the strong resisted formed on the 118.00 level. We should get a much more clear picture on this level when everyone comes back from the holiday.

What we already know:
On my post on December 24th, 2016, I mentioned that I suspect the USDJPY's 118.00 peak would continue to hold.
http://www.forexfactory.com/showthread.php?p=9379011#post9379011

What is happening now:
Turned out couple days later, USDJPY is coming down to the 116.00 level (from its 118.50 peak), and I was able to make some profit on it way down this week.

Profit or Lost: PROFIT
You may see the trade history the Trade Explorer above (Titan @50:1).

What is going to happen in a few days (my guess, of course.):
From the technical perspective, although I think the 116.00 level is a good support level for the week, I'd expect USDJPY continuing coming down a bit possibly to the 112.00 level in the 1-2 week or so.

Thanks to trump speech this morning, USDJPY has arrived 115.00 level.
Profit taking now on both trade explorers...

114.00 is in sight.