The purpose of this post is to share with you my analysis on the EURUSD and GBPJPY today as I see that they are showing signs that they are moving down.
My EURUSD Analysis
For the EURUSD, the 100 EMA has crossed below the 400 EMA and the EMAs are now stacked nicely with good angle and separation showing good sign of a down move.
What I see is that the price will likely retrace up to retest a major support that has now turned into major resistance at 1.13964
I will look to SELL this trade when the price show a valid entry at the major resistnace level.
My GBPJPY Analysis
For the GBPJPY, the price is currently being resisted at a major resistance at 156.568. If this level holds, then the price will move down significantly later in the day.
I will look to SELL this pair as well
For those of you who are in my trade copier service, if I enter a trade later, you will see it on your trading platform as well.
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