EA Outlook (WW31FY2017)

GJ Outlook (WW31FY2017)

GBPUSD (18July-22July) Outlook

Weekly
Closed the week ,giving up half of the weekly gains on Friday failing to break Post-Brexit resistance @1.348xx [Range1 Upper Band].
 
Daily
Friday close below 1.3200 [Range1 Lower Band] signals weakness in Bulls.
Price may dive all the way to 1.303x or even to 1.290x.

My trading plan
Look for long only above Range1 Upper Band is broken
EP-    1.3500
TP-    1.3850-1.3900 Zone
SL-    <1 .32="" font="">

GBPNZD (18July-22July) Outlook

Weekly
Closed the week with weaker bullish engulfing bar than GBPJPY signaling a trend change to bull bias. Confirm with next week candle.

Daily
Friday close formed a pinbar (very bearish) with highest volume for the week which i guess a profit taking event coupled with rate cut possibility from BOE.
Looking at the volume and situation last friday, we could expect it will retrace to Zone1[1.825-1.835] or even further to Zone2[1.795 to 1.805] next week (before 21July/ RBNZ).

My trading plan
Look for bull signal during the above-mentioned retracement.
EP-    1.825-1.835 and 1.795 to 1.805
TP-    1.885-1.930 Zone
SL-    <1 .768="" font="">

USDJPY (18July - 22July) Outlook

Weekly
Closed the week with bullish engulfing bar signaling a trend change to bull bias.
Confirm with next week candle.

Daily
Friday close formed a pinbar with highest volume for the week which i guess a profit taking event.
Looking at the volume and situation (monitoring Abenomics rumors/news) last friday, we could expect it will retest 104.xx-103.xx zone next week.

My trading plan
Look for bull signal during the above-mentioned retracement.
EP-    103.xx-104.xx
TP-    107.xx-108.xx
SL-    <102 .xx="" font="">

USDJPY (18July - 22July) Outlook

Weekly
Closed the week with bullish engulfing bar signaling a trend change to bull bias.
Confirm with next week candle.

Daily
Friday close formed a pinbar with highest volume for the week which i guess a profit taking event.
Looking at the volume and situation (monitoring Abenomics rumors/news) last friday, we could expect it will retest 104.xx-103.xx zone next week.

My trading plan
Look for bull signal during the above-mentioned retracement.
EP-    103.xx-104.xx
TP-    107.xx-108.xx
SL-    <102 .xx="" font="">

AUDJPY (13 JUN - 17 JUN 2016) OUTLOOK

As mentioned in earlier weeks, AUDJPY remains range bound (78.2xx - 80.5xx)
Expect to hit upper band of range next week.
I m in LONG bias for next week (TP @80.0xx & SL @ 78.2xx)
   - Break of 79.0 will definitely bring to 79.7xx to 80.0xx lvl (ref: 1H chart)

 

USDJPY OUTLOOK (23 - 27 MAY 2016)

USDJPY rose until 110.5xx lvl and retraced..(strong resistance @ 110.5xx to 111.8xx)
I m bearish or hope for reversal based on 20May Candel formation.
Expect to retrace to 109.0xx and 108.77.

Update1 [25 May 2016] : Managed to retrace to 109.100 on 23May2016 ,but miss my target of 109.0xx lvl and rebound. Let's wait until the end of the week.

Update2 [28 May 2016] : Bounced back to 110.1xx level on 27 May 2016 upon Yellen's anticipation of June rate hike. I m still expecting of reversal to 109.6xx ->109.2xx->108.6xx as long as 110.5xx lvl is held. (i m still holding some shorts with SL @110.66)

Update3 [10 Jun 2016] : My shorts triggered. (seems) it is LOW. But it did managed to free-fall to 106.3xx lvl following BAD NFP data.

Updated chart closed on 27 May 2016

Updated Chart closed on 10 Jun 2016

AUDJPY OUTLOOK (09 -13 May 2016)

Level to watch
Resistance
79.6xx
80.1xx
81.5xx

Update: I have closed my longs on 80.5...on 17May2016



https://www.tradingview.com/x/eHIyrKHH/

AUDJPY (02 - 07 May 2016)

Been ranging 79.5 to 86.5 since 18Jan.
79.1xx level to watch to break down, else may go back up to 86.5xx again

AUDJPY _ EOW Update

It just hit short term Fibo 38.3 @80.44 and sell down on friday (after RBA monetary policy statement)

I still have open position and lets see 09-13 May bring to AUDJPY..

Next immediate support @ 77.8xx . if break , it can slip to 76.1xx (Aprl 2011 lvl)