Currency Trade Ideas - Dec 19, 2017
EURUSD- Wait for a PB to minor resistance
USDCAD- After breaking a Weekly Mayor Pivot, it has been consolidating at the highs of the last bullish move. Soon It will test the daily 200 MA and Sideways resistance. Any breakout is likely to occur this Thursday with the CPI and Core Retail Sales announcements since it would be facing a strong resistance.
USDJPY- Weak upside movement within a downtrend correction, hasn't been able to overcome resistance
Entry: 112.544 SL:112.69 T1:112.30 T2: 112.2
GBPJPY- Looking for a the current bullish pattern to fail to enter short
Entry: 150.51 SL: 150.84 T1:150 T2:149.50
Very insightful technical analysis. Followed!
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