Forex Trading Analysis

LATEST FORMATION ON USD JPY CHART

Usd Jpy is trading in a range bound manner for more than a month. Price was hovering between 107.000 and 105.500. Yesterday the pair broke it’s silence and the price is now trading below it’s familiar level of 105.500. Now what is the fate of the pair now is a big question. As the pair broke it’s support line the weakness should persist for now, but upto which level. However it is still difficult to say that price has really broken it’s range, the wait and watch policy will be the best for now. If you see price below 105.000, it will be a good price to start buy on dips to make good profits. We are also waiting for some more weakness in the pair to start buying, otherwise the pair will still stay in it’s recent range according to our analysis.

DISCLAIMER:- Forex trading involves significant amount of risk, may not suitable for all. However the above information is deemed to be reliable, traders should trade according to their risk and money management.

EUR USD, A TREND REVERSAL OR A CORRECTION IN BULL RUN?

Eur usd touched nearly 1.20000 recently and very quickly returned to 1.18800. This quick move created a doubt in trader’s mind, if it is a beginning of trend reversal or just a correction in the bull run? If we look at the price action at first glance it looks like a correction and should be taken as a profitable opportunity to buy the pair at dips. According to our predictions the pair is taking a breather in the bull run. This correction may be deeper than expected but should be taken as a buy opportunity. The pair is currently trading around 1.18750 at the time of writing. We are buyers in this pair.

NEXT TRADING STRATEGY IN USD JPY

USD JPY is trading sideways since 1st July after touching high near 108.00 , no meaningful downside is witnessed since then. It is right that forex market is passing through a record low volatility phase now a days, so little opportunities arising these days. USD JPY is trading in a small range of 106.00 to 108.00 and to touch the Bottom of this range is expected in coming days. Price is still trading above it’s support zone and to touch the support zone first seems healthy for the pair. This post will be updated as soon as the next opportunity will be spotted. We are sellers in the pair at 108.00. holding our sell to book profits at some more desirable prices. Price currently trading around 107.00 at the time of writing.

DISCLAIMER:- Forex trading involves significant amount of risk, may not suitable for all. However the above information is deemed to be reliable, traders should trade according to their risk and money management.

USD JPY NEXT TRADE SETUP.

Usd jpy gained strength recently due to jpy’s weakness it was not due to Usd’s strength. After passing so much time in a range bound atmosphere, the pair now started to show signs of overstretched strength, it doesn’t really mean that the further strength is totally ruled out but the strength should be taken as a short opportunity. The pair is currently trading around 109.120 at the time of writing. The pair’s strength should soon be diminished according to our analysis. So we started to sell the pair with every rally from today. Hope we all earn decent profits in the pair.

HOW TO TRADE GBP USD NOW?

After making a low around 1.20800 Gbp usd is now trading around 1.26000. Big question is that if the pair near it’s Top now or the strength will continue further? The answer according to us is that it is always hard to say if the Top or bottom in any pair is in. But if you see the strength in the pair beginning to diminish, selling in the pair should be started at every rally. Now at this point of time GBP USD seems to be near exhaustion of strength and to sell on rallies strategy can be initiated now to earn good profits. However the pair can extend it’s recent strength but should be taken as a profitable opportunity to make profits. We just started to take sell positions in the pair.