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GBPJPY had a stellar day today, closing at a level that hasn’t been seen since 2008! I would typically say look for a pullback to the 174 area for a price action buy signal, but given the strong bullish momentum and today’s close I’ll be watching 174.80 as an area to potentially buy this pair. Our […]Continue Reading
We looked at EURAUD yesterday, noting that the pair had broken a bearish wedge formation and subsequently found trend line support. That support held up overnight, enough so that the market was able to retest the underside of the former trend line. It’s now time for the market to make up its mind. Given the recent bearish […]Continue Reading
Nothing in the form of a buy signal today for USDCAD, which is the pair we discussed yesterday. From here I’m looking lower to 1.056 as possible support. More on this one in the days and weeks to come. In the meantime let’s look at the bullish pin bar setup on CADJPY that we discussed back on June […]Continue Reading
The market was fairly uneventful today in terms of setups. So instead of posting a bunch of levels to watch I thought it more constructive to take a closer look at one currency pair from a few different angles. This is a level I’m closely watching on the daily time frame as well as the 4 […]Continue Reading
I mentioned AUDNZD in yesterday’s analysis, noting that the pair had broken support. Today we saw the market test the same level, this time as resistance. The result was an inside bar (consolidation) that could prove interesting going into next week. If the market is able to break yesterday’s low, we might see AUDNZD retesting […]Continue Reading