Commentary on the currency pairs

Forexmentor.com Forex Trading Price Action

I’m still calling for further downward price pressure on the USD/JPY pair. Evidence: the three EMAs stacked in their proper order for downtrend continuation on the 4 hour chart; 200 EMA trending down on the 1 hour, with price well below it; a possible downtrend continuation pattern in place on the 15 minute – not to mention the massive price collapse on the weekly and daily charts. So, I’d be looking to be on the short side here folks. Just pick a good entry point, and Bob’s your uncle.

The following nine pairs should be considered good short opportunities also: AUD/CHF, AUD/JPY, CAD/JPY, EUR/CHF, EUR/JPY, GBP/CHF, GBP/JPY, NZD/CHF, NZD/JPY.

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