Updated Watchlist for August 25
| Pair | Daily | 4h | 1h |
| CADJPY | Reversal to the long confirmed. Could be headed for a 3rd higher high. | Range seems to be 87.80 to 86.35…look for a bounce or a break to confirm long position. | Price has retraced to the TL. Long above 87.42 to 87.90 |
| EURJPY | Making a bounce and attempt at the 800sma? | Broke out of consolidation area, look for retest and then bounce? Or close back below 134.00 could be move back to the 800sma or about 133.25 | Retraced to its former consolidation as well. Has already closed above 135.50, retraced and printing a confirmation candle right now. |
| EURUSD | Broke important level at 1.4300 again. Going for a higher high and final move away from 800sma? 1.49 by Christmas? | Retest has already happened, could be ready for further climb. | Retraced to old consolidation level and is bouncing cleanly. May stay stuck in its range for a bit though so I’ll wait for a close above 1.4345. |
| GBPCHF | Double top is right at the neckline, bounce or break is imminent. | Is it trying to get to the 800sma before making up its mind? | Divergent on 4h and 1h, but that 800 may be a strong enough magnet it doesn’t matter. |
| GBPJPY | Double top really stopped short and consolidated. Could mean it’s time for a new higher high. | Tightening up between 156.74 and 154. Triangle is normally continuation pattern on this timeframe. | Consolidating around the 800 again…could be an explosive breakout! |
| GBPUSD | Lots of indecision, could make one more dip to 1.6325 area before it resumes long but I’m bullish overall. | Ascending triangle and tightening up on macd confirms long bias | Southward breakout doesn’t seem to be holding. |
| NZDUSD | Consolidating just below the 800sma and has almost touched the TL. Getting ready for a fresh breakout, but may need retracement from Friday’s news-driven price action. | Gaining more confidence near the highs it made last week. | May not require retracement based on Aug 13 resistance, but still possible. Watch the range between 0.6800 and 0.6870. Another higher low…this thing ready for another climb? |
| USDCAD | Bouncing away from 1.1020 with conviction, could be headed to the bottom of its channel (1.0300ish) | Price rejected the secondary low at 1.0810, watch for bounce or break at this level. | Trend side looks tired. |
| USDCHF | Significant support at 1.0577. | Divergence could mean a bounce, setting up a long. | Odd divergence confirms a long bias on this with the area of indecision 1.0620 to 1.0577 |
| USDJPY | Yuck | Strong usd strength defines the “aoi” between 94.42 and 93.50 | Time to wrap around the 800sma. |
Here’s the file
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Anyone shorting GBPJPY?
jerry
I’m waiting for the close of the hour, but I’m watching it for sure!! I missed the gbp/usd, did you take that one?