GBPUSD 4-3-2015

GBP/USD forecast: Critical moves are coming

GBPUSD 4-3-2015

GBPUSD (currently at: 1.5335) is giving the signal of limited bearish move to 1.5195. Honestly, I can not recommend buying above this level. The BOE has a scheduled meeting tomorrow (5th, March) and personally, I am not expecting too much from tomorrow’s meeting, Rate hike is not that close in the UK and if they do it tomorrow, this would be a MARKET SURPRISE that will push everyone to buy GBPUSD and it might travel to 1.5800 in few minutes. However, my technical overview can not see a break to 1.5560 without falling again to 1.5200 level. I recommend buying this pair and use good enough stop loss because it might fall a little bit before going up to break 1.5560

The GBPUSD has the following major resistance and support levels:

  • RESISTANCE: 1.5560
  • SUPPORT: 1.5200

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Sell: at 1.5335 – Take profit 1.5235 (100 pips profits)
  • Buy: at 1.5560 – Take Profit 1.5590 (30 pips profits)

This review is valid during trading week: 4th-6th March, 2015

USD/JPY starting March below major resistance

USDJYP 1st March

USD/JPY stayed in this range 120.60 to 116.85 during February 2015. This is a consolidation area and the economic events during february did not push this pair to test strong resistance or a strong support. In march, things might change. The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 120.45
  • SUPPORT: 116.85

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Sell: at 116.70 – Take profit 116 (70 pips profits)
  • Buy: at 120.50 – Take Profit 121 (50 pips profits)
  • Buy: at 119 – Take Profit 120 (100 pips profits)

QUICK HINT: USD/JPY is becoming too dangerous pair. At this area, you must watch the market closely, breaking in any side (up or down) will send the market directly to the new area and it will stay for a while there. Take care

This review is valid during trading week: 2nd-6th March, 2015

EUR USD

EUR/USD is starting March, 2015 with a fall?

EUR USD

EURUSD had a very bad week with the fall from 1.1400 to 1.1172. Everyone was expecting much more bullish move to this pair after the long journey from May, 2014 down to the lowest level from years. Mr. Draghi said the ECB will buy a total of €60 billion a month in assets including government bonds, debt securities issued by European institutions and private-sector bonds. The purchases of government bonds and those issued by European institutions such as the European Investment Bank will start in March and are intended to run through to September 2016. Overall, the EURUSD still has another fall journey till it finds support and the economy starts to perform as targeted by ECB.

The EUR USD has the following major resistance and support levels:

  • RESISTANCE: 1.1450
  • SUPPORT: 1.1085

Breaking these levels in any direction will take us higher or lower.
My Daily SELL advice (30 pips stop loss applied):

  • Sell at: 1.1450 – Take Profit 1.1300 (150 pips profits)
  • Sell at: 1.1175 – Take Profit 1.1075 (100 pips profits)

QUICK HINT: EURUSD is dangerous pair, I recommend using very low leverage and do not risk more than 2% of your total equity in it.

This signal is valid from: 1st-3rd March 2015

USD/JPY – The long battle!

USD JYP 12th DECEMBER 2014

USD/JPY is very bullish the last 7 weeks and this week, it pulled back a little bit from 121.84 to 117.4 affected by the selling pressure in the stock market, however this move reversed the last few hours to 119.45. This is a sign that we are gonna walk slowly over the next few days as a rest for this pair before continuing the uptrend or reverse it. We will play the smart game and hunt some quick pips. No long term positions are required at this stage too. The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 121.88
  • SUPPORT: 109

Breaking these levels in any direction will take us higher or lower.
My Daily BUY/SELL advice (30 pips stop loss applied):

  • Sell at: 120.05 – Take Profit 119 (100 pips profits)
  • Buy at: 121.90 – Take Profit 122.40 (50 pips profits)
  • Buy at: 117.50 – Take Profit 118 (50 pips profits)

QUICK HINT: USD/JPY is trying to have some rest in this zone. We can go either ways (up to 125 or down to 115). From this area, I can taste the bearish flavor. Take care!

This signal is valid on: 12th, December 2014

USD/JPY: Where are you going?

USD JYP 17-11-2014

USD/JPY jumped up to touch 117.05 affected by the Japanese GDP, however this move reversed in hour to 115.45. This is a sign of a newborn resistance. We will play the smart game and hunt some quick pips. No long term positions are required at this stage. The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 117.05
  • SUPPORT: 109

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Sell at: 116.90 – Take Profit 116 (90 pips profits)
  • Buy: at 117.05 – Take Profit 117.45 (40 pips profits)
  • Buy at 115.10 – Take Profit 115.40 (30 pips profits)

QUICK HINT: USD/JPY entered a rest phase zone. We can go either ways (up to 120 or down to 110). From this area, However, I can see that this might takes sometimes before we continue up or move back down. To this moment, I would like to take quick trades with very small stop loss points (less than 30 pips) and do not over wait till it hits the previously mentioned targets, if you feel that the trend lost momentum, get out with the achieved profits, as always.

This signal is valid on: 18th, November 2014