Forexkiller Academy

[forexkiller]

Tomorrow forex analysis for usdjpy. Last week printed a bearish candle with price rejection again at 151.08 ,which followed suit with the other lower time frame following a bearish close at the 50.0 fib level . By market opening at the Asia session we will expect a rebound to around 150,92, 150.64 ,which pose a strong resistance level based on IRATE criteria. So we wait to see the operating of the new York trading session to take our position at 150.92 or 150.64 for possible bearish continuation trend for the week . Attached is the technical indicator for the analysis

 

[forexkiller]

Gbpusd analysis for today trading. The resistance level 1.2964 which is around 61.8 fib level has proven somewhat difficult to break. So we will expect a pullback or correction to around 1.2868.The trend still remains bullish after printing a bullish continuation candle at the weekly chat. So we wait till new York opens to enter a buy position. The market can bate you so dont enter into its trap and loose money