USD/JPY Is About to Go Back Resistant at 124.12

USD / JPY movement within 1 - hour chart was tracked back to go up and it aims 124.12 resistance position. Currently it seems to be the psychological resistance. Technical indicators condition seems to approach overwhealm buying ativity on the chart within last 1 hour. Take a note at 124.12 resistance area where if the area is shown bearish signals, the USD / JPY potentially moves back down trough support area. It will go up to range 123.90 - 123.56.

Please be careful, if the resistance 124.12 is collapse, because it will possibly make USD / JPY continue its bullish movement in range 124.25 - 124.46

Preferences : Bearish , Notice resistance 124.12

Support : 123.90 , 123.77 , 123.56

Resistance : 124.12 , 124.25 , 124.46

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Will USD/CFH Rebound on Trendline?

In accordance with the previous analysis , USD / CHF successfully  managed to penetrate support at 0.9592 and reaching the target the range 0.9579 - 0.9558 . Currently , USD / CHF is observed approaching the descending trendline area which is around 0.9605 . The Preferences for the USD / CHF is Bearish  which will be in line with the conditions of technical indicators. It is due to in overbought condition within the 1- hour chart . If the price failed to break the trendline area which is in the range of 0.9605 , then it may open the possibility the USD / CHF will move bearish towards the support area of ​​the range of 0.9577 - 0.9564 .

Be - careful , if the descending trendline breaks apart, then it can open the possibility that USD / CHF changing the bias position which is bullish and it potentially moves up to the resistance at 0.9630 - 0.9656 

Preferences : Notify bearish trend line area

Support : 0.9577 , 0.9564 , 0.9524

Resistance : 0.9605 , 0.9630 , 0.9656

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A Potential Double Top on EUR/USD.

EUR/USD movement within 1 hour is hold twice in resistance of 1.1016 and it potentially creates a double top pattern. This pattern wannabe confirmation is on the baseline area 1.0950 where once the price passes trough the baseline then EUR/USD shall be potentially moving Bearish to range 1.0925 – 1.0868.

Be careful, if price doesn't pass trough the base line. EURO will strengthened his position up resistance area range 1.0981 – 1.1016.

BEARISH Preference, Pay Attention on Baseline 1.0950

SUPPORT Position: 1.0925, 1.0903, 1.0868

RESISTANCE: 1.0981, 1.1016, 1.1051

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Pay attention on support point 1.5499 as Pounds slips down!

The graphic movement of GBP/USD is in under a strong Bearish pressure and currently it's testing the position of support 1.5499. Based on such a condition, the tendency will be Bearish. It will surely press continuously till around 1.5459 - 1.5435, if position of 1.5499 is penetrated.

BEARISH Propensity; Pay attention on 1.5499

SUPPORT Position: 1.5499, 1.5459, and 1.5435

RESISTANCE: 1.5564, 1.5584, 1.5669

Cheers!