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Trading Strategies

GBPJPY approaching resistance, potential drop!
GBPJPY approaching resistance, potential drop!

GBPJPY is approaching our first resistance at 143.52 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur...

AUDJPY approaching resistance, potential drop!
AUDJPY approaching resistance, potential drop!

AUDJPY is approaching our first resistance at 80.88 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below...

EURJPY approaching resistance, potential drop!
EURJPY approaching resistance, potential drop!

EURJPY is approaching our first resistance at 126.68 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to...

USDCAD approaching support, potential bounce!
USDCAD approaching support, potential bounce!

USDCAD is approaching our first support at 1.3068 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major...

Summary
Summary

Today we are seeing a nice setup on CADJPY as it is approaching support where we are expecting a bounce above that level. We are also seeing a nice setup on GBPAUD as it is approaching resistance...

CHFJPY approaching support, potential bounce!
CHFJPY approaching support, potential bounce!

Price is approaching our first support at 110.33 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above...

CADJPY approaching support, potential bounce!
CADJPY approaching support, potential bounce!

Price is approaching our first support at 83.29 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might...

GBPAUD approaching resistance, potential drop!
GBPAUD approaching resistance, potential drop!

GBPAUD is approaching our first resistance at 1.7633 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur...

AUDNZD approaching resistance, potential drop!
AUDNZD approaching resistance, potential drop!

AUDNZD is approaching our first resistance at 1.1132 (horizontal overlap resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong reaction might occur...