This thread will track important S/R levels and possible price reactions at they levels.
It’s focus will mainly be JPY pairs and USD pairs. Although other things will be followed when displaying good price moves that will work well with S/R technical analysis.
GBPJPY - 4 HOUR CHART
149 level offers strong support.
Strong selling has paused, giving “spinning top” and “doji” like candles on this level.
From here, we may reverse and trade back through the area price has fallen from, or, if price breaks, it may fall into the white zone.
Trade ideas;
High risk:reward buying around CMP (149.10), stop 146.70.
Wait to see if there is a break of 149.00 and sell retests.
High risk:reward buying around CMP (149.10), stop 146.70
EURUSD*
15 minute chart;
EURUSD is reaching support levels and offering buying opportunities.*
1.2512 - 1.251 are ideal buying areas.*
1.2487 stop loss level.*
A new high can be targeted at 1.2561.*
