Watchlist Update
Wow…everything seems really range-bound still.
CAD/JPY is trying to break North of its consolidation and I’m watchng that on the 1h chart.
The EURJPY nudged up to resistance and pushed through enthusiastically last hour, but I don’t trust it – it feels impulsive…like the market got momentarily greed and will drive price backward instead of onward. So, I’m skipping the break on that and will wait for a bounce.
GBPCHF broke its consolidation area, but I missed the break and am waiting for the bounce on that one as well.
And, of course, the NZDUSD I just posted about. I liked that one because, even though it has nudged up through the consolidation area it seems to have made a distinctive double bottom and has respected s/r throughout the zone, breaking the neckline just this last hour.
Those are my favorites today. Tell me what you’re watching/trading today.
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at 
I am long GBPJPY….. It has been working up, now taking a pullback. Have been long NZDUSD from earlier – out to dinner… got back and moved SL up as well as TP. Thanks for your encouragement. Oh yes, I am long a little USDJPY cheers