Greetings everyone….let’s look at a few pairs that are clear to me as to what they are going to do….
Fast trade CADJPY
Cup and Handle, higher highs and higher lows? Call it what you like, but weakness in JPY is expected to lead this pair very soon 50-100 pips higher….
Price is challenging medium-term resistance now at 106. Break it we could see a big rally in USDJPY…
My system has turned bearish this morning around 1.4180.
— Alexandros Yfantis (@alexanderYf) March 28, 2018
I believe we will see another leg lower as yesterday towards 1.40.
Earlier this morning price broke above the wedge pattern but has pulled back inside….In general I believe this pair is ready for a break higher towards 1.30-1.3050, but we could stay inside the trading range of the wedge 1.29-1.28 for another day or two.
In general I favor Dollar strength over the coming days…..good luck to all…