Currency Analyses; Forex Monday

Good day to all….after an excellent Friday where we caught the bearish side in USDJPY ……

#USDJPY https://t.co/EdOcLk7iI1

— Alexandros Yfantis (@alexanderYf) September 1, 2017

…and the bullish side of EURUSD since the lows from last Thursday…

#EURUSD #bullish 61.8%, diverging and cloud support very close @ForexStopHunter #fx #forex pic.twitter.com/yz3zhBULQj

— Alexandros Yfantis (@alexanderYf) August 31, 2017

the picture remains unchanged….EURUSD supported and USDJPY under pressure for a move below 109.

EURUSD supported by the 4 hour Kumo and USDJPY breaking below the Kumo after giving a bearish signal by breaking the ascending wedge pattern.

#USDJPY wedge broken #fx #forex pic.twitter.com/wBJ7BrwDjs

— Alexandros Yfantis (@alexanderYf) August 31, 2017

I warned USDJPY bulls on time….109.15-109 is short-term support. Failure to hold it will open the way for 107. EURUSD, 1.1850 is key support. Failure to hold it will open the way for 1.17.

GBPUSD

Another test of the broken trend line, another rejection. Short-term resistance is at 1.2965 and could be used as a tight stop for a short position.

USDCAD

Diverging RSI with new lows in price. Oil at important channel and cloud resistance, we could see another bounce in USDCAD towards 1.2550-1.26

AUDUSD

Trading above the cloud, making higher highs and higher lows. Key support at 0.79. Closed my position partially on Friday on the big spike up to 0.7985. (SMS sent regarding our long EURUSD and AUDUSD closed)