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GBPUsd is supported above 1.3220 area

I am planning to re-open my closed Gbp longs tonight

I had to close my Gbp longs on Friday due to margin and loss
My GbpNzd and GbpAud long positions were losing heavily,
and my guess is that I went long too soon
GbpUsd tested 1.3220 area twice on Friday, and it should hold now
I will coordinate my Gbp longs based on that level
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Buying retracement AUD and NZD

I am buying Aud crosses today after some good retracement

AudUsd and other Aud crosses have had quite a heavy retracement today
If I look at a longer term prediction and support levels
I have found a couple of good points to buy some crosses
Also found a good point to buy NzdChf
I will be carefull to carry a couple trades through the weekend
without getting stopped out due to margin requirements
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Planning EUR longs

I am planning my strategy for market open today
Eur longs look good to me
EurUsd has retraced back towards support level above 1.05 area
I will be looking for a rise there
I may go long Eur cross too, but I am still thinking which pair to trade
Nzd seems weak, and Aud seems too high - so EurNzd or EurAud is a possibility
Also EurJpy could be interesting, if UsdJpy starts to rise again
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Still holding on with NzdUsd

I am still holding on with a NzdUsd long position
The pair is above .71, and has been for a few days now, after moving up above .71 on Monday
I am hoping to see the pair break above .72 before the weekend, otherwise the weekend leverage will stop me out
Usd seems to be retracing at the moment, or at least moving sideways, which is also good for my position
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AUDJpy moving down in extended bearish weekly channel

AudJpy is in a weekly bearish channel and moving towards lower trendline
On the weekly chart we can see the bearish channel:
Price is moving down now, and shows a strong bearish weekly candle
I expect a lower price in AudJpy next month
On the daily chart we can figure out when the downside might hold:
A double top has formed on the daily chart indicating a high is in place
Price of the pair has broken below the rising trendline, and below SMA's
MACD and Stoch are both bearish - I expect a sharp …
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Pair is slowly moving down towards projected target - 61.8% fibonacci expansion level

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Strong US data and subsequent higher UsdJpy have sent AudJpy back up too 77.5 area, will have to see whether Usd weakness (or Jpy strength) returns

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AdamFx42 15 Ago

No change yet

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AdamFx42 21 Ago

Price moving down slowly now - need more UsdJpy weakness to reach target, I guess

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USDJpy testing 2014-2015 support levels

UsdJpy is back down at mid 2014 levels
Looking at the weekly chart we find UsdJpy back at 2014-2015 lows:
The pair is testing previous weekly lows, although we now already can identify an upward trendline
Technically, this is an important level for the bulls - will the pair move back up again?
I believe the test of this important level will take a while, but 100 should hold
If we look at the daily chart we might see how it will play out:
The trendline on the daily chart will most likely be broke…
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UsdJpy has broken below daily trendline as predicted and bounced off 100.60 level after some strong US data today - price action is as I set out in my prediction

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AdamFx42 15 Ago

After a initial move up to my target area at 103, pair has now retraced back to 101 level. This is normal retracement and UsdJpy is following the moves that I predicted on my chart - I expect 101 to act as support now and pair should test 103 again soon

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AdamFx42 21 Ago

Support around 100 being tested - pair looking weak though

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AdamFx42 29 Ago

It has been a long battle but 100 holds, pair back up above 102 now, moving towards target 103

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AdamFx42 31 Ago

Very happy with my prediction - price has crept up to my target on the last day - I just hope it can hold here

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USD returns with a vengeance

UsdJpy went down after soft data but holds support and turns back up
This indicates to me that bad news is not going to bring Usd down
The news of a 'no interest rate hike soon' did not hurt the pait either
I will be buying Usd the beginning for this reason
Usd has proven to stand strong and not be shaken to new lows - lows seem in place
I see this pair at 1.10 before the months end
gl all
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Buying EUR and AUD at support

I opened long positions in Eur/Usd and Aud/Usd today
A buy limit in Aud/Usd that I had set yesterday was triggered today:
the pair was on the way down and came close to daily trendline support
I went long
I noticed that Eur/Usd had retraced to 61.8% fibonacci from the last move up, too
I decided to go long here too, also because overall daily trend is still bullish
Eur/Nzd and Eur/Aud were also at 61.8% dfaily fibonacci retracement
and I went long these two pairs too
Aud and Eur/Usd stayed flat …
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GBP/USD testing support

I opened a long position in Gbp/Usd today
Gbp/Usd tested support around 1.47 last night and a buy limit that I had waiting was triggered
I went long just above 1.47 and will be looking for a recovery
Although it looks like Gbp/Usd is down I believe this to be a false breakout
The price is just too low at the moment, and Eur/Usd is recovering as I type this
and Usd will weaken more, as is my prediction for this month
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Au/USD and NZD/USD at support levels

After losing an Usd/Jpy short I am changing tactics
My Usd/Jpy short was stopped out this morning,
and my Gbp/Jpy is in the red - Jpy weakness still prevailing
I am buying Au/Usd and Nzd/Usd at their support levels for a rebound
because I believe that Usd/Jpy strength will fail at 125 again,
Eur/Usd should rebound too, taking Aud and Nzd up with them
Anyway, there is strong support for Aud/Usd and Nzd/Usd at these levels
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