IF you checked the daily chart EURUSD touched the upper trend line 1.18303 on 22 July at 7 p.m IST ( i.e. 2.30 p.m. UK time i.e. 9.30 a.m. NYC time) and price rejected from there and gave a solid 700 pips down move in a span of few hours.
Sharing short term view .. as market is all about...
EURUSD - chart analysis Daily time frame
It has formed a downward channel .. 1.17550 is acting as daily support.
If price trades below support of 1.17550 for 15 minutes then it will open door for 1.17090.
Short - 400-500 pips you can expect.
USDJPY - chart analysis Daily time frame
It was on a downward channel till 22nd July.
There was breakout it will try to make a new pattern soon. will keep you posted.
USD JPY trading at support of 110.488 if sustains then upside target of 110.560 1 target / and 110.660 possible. Keep SL at 110. 470.
Short below 110.460 SL 110.489 39 PIPS SL target 110.360 / 300.
Again market is game of probability. USDJPY is not in any pattern as per daily time frame.
USDJPY - chart analysis Daily time frame
It was on a downward channel till 22nd July.
There was breakout it will try to make a new pattern soon. will keep you posted.
IF you checked the daily chart EURUSD touched the upper trend line 1.18303 on 22 July at 7 p.m IST ( i.e. 2.30 p.m. UK time i.e. 9.30 a.m. NYC time) and price rejected from there and gave a solid 700 pips down move in a span of few hours.
Sharing short term view .. as market is all about...
EURUSD - chart analysis Daily time frame
It has formed a downward channel .. 1.17550 is acting as daily support.
If price trades below support of 1.17550 for 15 minutes then it will open door for 1.17090.
Short - 400-500 pips you can expect.