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EUR/JPY 1 Hour Forex Chart
EUR/JPY 1 Hour Forex Chart

Euro volatility notched up another level and it was all about selling for the shared currency.  It was almost a straight shot down from last week’s open, but EUR/JPY settled around the 138.00 handle where it’s currency trading around.  I’m looking for a pullback to the moving averages/top WATR level for an aggressive short, but I’m also open to getting in on a break of the PWL.

  • WO: 138.13
  • Top WATR: 139.06
  • Bottom WATR: 137.20
  • PWH: 140.09
  • PWL: 137.72


GBP/JPY 1 Hour Forex Chart
GBP/JPY 1 Hour Forex Chart

Guppy went its own way last week after finding a bottom at the bWATR level and shooting higher on surprise comments from BOE Governor Carney.  That end of week move looks parabolic and set to pull back, which is why I’m looking at the bottom WATR level/moving averages once again for a possible long position on a fresh Sterling catalyst.

  • WO: 173.23
  • Top WATR: 174.42
  • Bottom WATR: 172.04
  • PWH: 173.37
  • PWL: 170.96


EUR/GBP 1 Hour Forex Chart
EUR/GBP 1 Hour Forex Chart

Last week, EUR/GBP made one of the biggest moves I’ve seen it do in the past few months.  Sterling strength is in play on rate hike speculation, so I’m looking for short plays on this pair especially on a pullback. Of course, I’ll be watching the top WATR/.8000 handle for resistance, but after such a strong move, I wouldn’t be shocked if the market got back up to the moving averages and minor psychological level, .8050.

  • WO: .7974
  • Top WATR: .8017
  • Bottom WATR: .7932
  • PWH: .8123
  • PWL: .7972

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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.