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Well well, its Friday. What we’ll be looking at tonight or next week

GBPJPY

The range for the pair is closing soon with breaking out either on the top or bottom side of the trendline (more prone to the top now). It’s between 38.2 to 50.0 on the fibo and looks good to breach the 200EMA/SMA line on the top with MACD strength bias to the top as well.

Watch closely on the MACD for more confirmation.

EURUSD

With EURUSD setting new heights and breaking the 1.4100 psychological level (topped at 1.4120), we might be seeing a little retracement bouncing to the 23.6 zone on fibo at least before deciding on whether to trace back to the top OR uhm, yea down to the bottom instead.

USDCHF

Swissy looks awefully strong against the weak Dollar for the week and we notice it might have bottom out. I’m expecting dollar to retrace back to at least the 38.2 zone (1.1885) should MACD reverse. 200EMA/SMA lines are right at the top, indicating the possible direction of our price action.

Note, all these are just my analysis on pairs to look out for. Always enter on your own diligence with price action of the candles and stop loss.

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