Daily Forex Market Update – GBPUSD Institutional Levels
We are waiting for a pullback to the 1.2568 figure to get short, but until then here are some institutional levels that we are watching. If we break below 1.2376/1.2361 we will likely get down to 1.23~ where there is some pretty strong support. Unique Forex is where retail traders become institutional traders. Learn to trade like an institutional trader and become consistently profitable.
USDJPY Trading Idea
Price reached 118.00 level and formed bearish divergence with RSI. It’s time for closing all long trades with good profit. We have a signal for possible down movement. Open short trades, when MACD histogram and ADX line start falling. Place stop orders above the resistance level 118.00. Profit targets are Moving Averages with 20, 50 and 100 periods. You can search for entry levels on the daily and hourly charts.
USDCAD R Favors longs targeting 1.35
Morning traders, Buying has begun like clockwork this morning. With the outlook of near-term USD strength and the risk of a setback in oil prices, we still risks skewed towards a higher usd/cad over the coming months. Aim for 1.35 in the month ahead, wishing you all a great holiday ahead.
GBPJPY break the uptrend channel
GBPJPY break the uptrend channel Let’s find some place to short the gbpjpy The first level I may consider will be 146.00 Will tend to short GBPJPY when price pulls back and aim to 141.80