Price has been able to close below 23% of Fibonacci series.Support is near 0.7184. If the price reverse and pair is able to close above the 14% of Fibonacci series. Then price will move upward otherwise movement will be down.
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USDJPY Analysis
Price is able to close 14% of Fibonacci series. Near Resistance level is 110.32. If the pair is able to close above 23% then resistance will be broken. USDJPY movements will be upward.
EURJPY Daily Analysis
Pair has formed bearish engulfing on daily chart and closes below 124.00 at the time of writing this post. It clearly indicated downtrend correction has started. First target is around 123.02.
USDJPY 4 hr Analysis
On four hour chart bearish engulfing has been formed . if pair breaks 113.73 or below then short term correction will make pair to reach target of 113.00.
USDCAD Daily Analysis
Pair has formed bearish engulfing after rally. If pair closes or break below 1.3600 then we can see more down correction. First target is 1.3540.
GBPUSD Daily Analysis
At the time of writing this Pair has been closed below 1.2904 level and bearish engulfing has pointed some downward correction. Next target is 1.2776.
GBPUSD 4 Hour Analysis
At the time of writing GBPUSD is currently in correction and if pair close below 1.29055 on 4 hrs basis , then we can see more downward pressure. First target of 1.2853 is can easily be achieved.
EURUSD 4 Hour Analysis
No changes in ECB move. EURUSD will start selling after no changes in monetary policy. If Pair is able to close below 1.0950 on 4 hr chart then we can see down moment from this to first target 1.08364.
GBPUSD 4 hour Analysis
Pending Sell order on GBPUSD 1.28269. Short term resistance is 1.2848 and short term support is 1.2775. At the timing of writing this post, pair is repelled by resistance at and expected to hit support level of 1.2775.
USDJPY Bearish Signal
USDJPY pair has formed bearish engulfing pattern which triggers the selling of this pair. Also the pair stoch is overbought area. Increases odd for bearish momentum.Nearby resistance is 107.51 and support is 103.65.So first target will be 103.65.If pair will be able to close above 107.51 then upward momentum we can see.