........And the march continues from the bottom left of the chart to the upper right of the chart, lol. We are seeing a trend shift in all currency pairs over the past week, but we are also reaching strong resistance and strong support with regard to those newly minted moves. I would expect a pull-back in Japanese Yen pairs, and Dollar pairs, but we are going to need a hefty reversal for the trend to shift once again, so right now I would just be looking to add to profitable trades on pull-backs to the nearest bottom trendline of the moves started early last week, and if any significant moves take place with the potential to break trend, I will put up a post with a chart.
Right now I am still looking for potential signs of weakness/reversal with regard to EUR/JPY, GBP/JPY, USD/JPY, and GBP/USD.
Here are some basic sketch support and resistance numbers for pairs that I follow, as well as a few others. Courtesy of FXpath.com.
EUR/USD - Support 1.3100 / Resistance 1.3385
USD/JPY - Support 96.00 / Resistance 99.75
GBP/USD - Support 1.4700 / Resistance 1.5065
USD/CHF - Support 1.1270/ Resistance 1.1600
I hope everyone has a wonderful Sunday PM session and a great trading week. Don't forget to email me if you have any trading questions, and also for any information on the new Trade Coach/Trade Mentor services I am now offering. Take your trading to the next level, and do it affordably!
Hawaiitrader (twitter= Hawaiitrader)
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