Cyclopip

I’m seeing short-term uptrends for EUR/JPY, GBP/JPY, and EUR/GBP these days, with a couple showing potential retracement setups and the other waiting for a breakout.

Happy New Year, forex folks! I’m kicking off 2018 with this simple reversal play on CAD/JPY now that crude oil prices are on a tear.

I had plenty of viable watchlist setups for the quarter but I wound up taking only three plays. Here’s how these turned out!

European currencies were unable to hold on to their gains from the other week, bouncing off nearby resistance levels. Can the declines carry on?

Don’t look now, but EUR/NZD is nearing another test of its ascending channel that’s been holding for almost an entire year! Here’s where I plan on entering.

Sterling staged a strong rally towards the end of the previous week, and now I’m seeing short-term corrections from those breakouts.

So much for that EUR/GBP area of interest! Price dropped all the way down to the bottom of the range, and I’m worried support might break.

I’ve spotted a couple of potential range plays and one that might pass as a breakout. Here’s what I’m seeing on EUR/JPY, GBP/JPY, and EUR/GBP!

I’ve got my one good eye locked on the nearby resistance levels for EUR/JPY, GBP/JPY, and EUR/GBP to see if trends would resume or breakouts might happen.

Sterling has a few event risks lined up this week, so I’m sticking to pound pairs with yet another potential pullback play. Take a look!