Wednesday, February 8th, 2012

Watchlist for Sunday, June 6, 2010

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Pair Daily 4h 1h
CADJPY Toyed with a bounce off of 82 and looked to be headed back toward 94.  Kind of in no-man’s land now. Wrapping around the 800sma Bounce off of 86 could bring the pair back up.  Or wait for a range between 86 and 87.50
EURJPY Loves the bottom of that channel right now. Found old support and left 112.60 w/o looking back.  If jpy is decoupled from risk this could be a bounce up. 110.30 -109
EURUSD Shooting for 1.18 next? Could retrace to 1.2150, watch for a bounce there. Nothing clear here.  Impulsive selling needs correction.
GBPCHF Couldn’t leave its range, but levels inside consolidation are muddy. Trying to bounce up off of 1.68? Large range:  1.6880 – 1.6720

Small range:  1.6840 – 1.6780

GBPJPY Sitting on interim TL and looks ready for a break south. Broke horizontal S/R, but Sunday may bring some correction.  A bounce down off of 133.50 or above would be good. Looks like some correction began a bit…will wait for a better range, or the bounce on the 4h charts.
GBPUSD Retested the top of the old range. bounce up off of 1.45 or a bounce back downward off a retest of 1.46 Didn’t retest on this timeframe either.
NZDUSD Ranging off the bottom of the channel. Likely to stay rangebound as USD buying fights positive NZD news. No signal here, yet.
USDCAD Clean bounce up off of the TL and has more room to go. Couldn’t quite consolidate fully.  Likely to return to the 800sma. Many impulsive levels to use for retracements.
USDCHF Still stuck, but trying.
USDJPY Weakened on positive market news.  Not sure what to make of this pair right now and probably won’t trade it until I figure it out.

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Hope to see you at Monday’s WLW!  :)

Be good to you!
Triffany

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