Usdjpy testing critical resistance

As advised in an earlier post , usdjpy rallied from 112.60¥ and currently testing 113.50¥ which is around 78% fibconnaci retracment level

A short position can be opened at current level with target 112.80¥ and stoploss on any 1h candle close above 113.50¥ . A break above 113.50¥ will send the pair to 114.60¥ area. RSI indicator is currently sitting at 70 mark .

There is no much of economic data today , key event will be CPI inflation data to be released at 13:30 GMT.

storj update - 1h chart very bullish

Following up on previous analysis for storj after breaking over bearish trend. Storj reached a high of 0.95$ , retreating back now to 0.84$ . Below is chart for 1h time frame which shows a very strong trendline coming from lows at 0.67$. A break below will be a sign of reversal, we need to keep over that line for a while to keep the bullish move running upwards. Keep following for updates... Follow me on twitter @b4borio

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto

Gbp/Usd bearish below 1.2980$

The pair broke below the rising trendline in red as shown in the chart below. It is also trading below 200 hour moving average. There is horizontal resistance at 1.2980$ area followed by 1.3080$ area. Being Short is favorable with stop loss above 1.3080$. Target should be around 1.2640$ , you can book some profits at 1.2780$.

Only charts

Search This Blog