Forex Ideas: USDJPY & GBPUSD
Thought I would look at the daily's for a couple majors I may look at entering in the next few weeks depending on market fluctuations etc.
1. USDJPY
Looking at the daily chart for the pair is interesting, we see the movement up to a major potential Support Resistance flip soon with the rectangle grey area looking to be something of interest.
If this area is reclaimed soon I do believe a shift up to the next resistance level being realistic, the position at 109.2. The rising volume reiterates the potential for a realistic S/R flip soon.
2. GBPUSD
Thought I would look at this market as well on the daily candle, whats interesting is it seems to be facing a similar area as the USDJPY. It looks to be boarding the current resistance region of 1.27. This is of interest as if its reclaimed, hitting the 1.275 area isn't unrealistic with a move to 1.287 potential for the incoming month. Will be interesting to see how this plays out.
TradingView, 2019.
@Und3rachiv3r
1. USDJPY
Looking at the daily chart for the pair is interesting, we see the movement up to a major potential Support Resistance flip soon with the rectangle grey area looking to be something of interest.
If this area is reclaimed soon I do believe a shift up to the next resistance level being realistic, the position at 109.2. The rising volume reiterates the potential for a realistic S/R flip soon.
2. GBPUSD
Thought I would look at this market as well on the daily candle, whats interesting is it seems to be facing a similar area as the USDJPY. It looks to be boarding the current resistance region of 1.27. This is of interest as if its reclaimed, hitting the 1.275 area isn't unrealistic with a move to 1.287 potential for the incoming month. Will be interesting to see how this plays out.
TradingView, 2019.
@Und3rachiv3r
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