Data coming up in the European session 28 Aug

Economic data risk coming up in this session 28 Aug A quiet one as Monday normally is. As always I wish you good trading, for those of you who are, and I’ll be back within the next couple of hours with another couple of posts. European desks may well take the opportunity to make the most of London being […]

Technical analysis of USD/JPY for Aug 28, 2017

In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as Prelim Wholesale Inventories m/m and Goods Trade Balance. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 109.71. Resistance. 2: 109.49. Resistance. […]

AUD/JPY profit target reached prepare to sell

The price has shot up perfectly and reached our first profit target. We prepare to sell below major resistance at 87.00 (Fibonacci retracement, descending resistance, horizontal overlap resistance, bearish price action) for a push down to at least 86.01 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 94% and […]