There are sure things and then sure things. This is looks like a sure thing.
If it breaks out of the current range its in, you can look for top side, all the way up to 600 pips. Lets see.
Entry was made before markets closed today.
A temporary dip in the price for a few days is likely to happen for the earnings report. Long term outlook is still bullish. Short term bearish .
Bears continue to punish the pound for Brexit.
Same with other GBPJPY, the GBPUSD pair is also going down this week as positive data from the UK fails to strengthen the Pound last week.
The NZD looks to be still gaining, but you can probably short it before it goes to its new high. There is an opportunity for a target 1 with 33 pips and if you are lucky a target 2 with 64 pips before it heads off to a new high.
The Yen's strengthening was seen last week as the reason neither the Pound or the Dollar could push the price up despite local data suggesting it should. Look for the Yen t o slip further down this week.
The AUD has been gaining in strength for a while now, but it looks like it's lost its steam and has started heading down. This could be a temporary dip or a long-term weakness, but it's very likely this week would be a short selling week for this pair.
It appears that the Yen has been gaining in strength since November last year. This hyper strengthening of the Yen is expected to continue well below the psychological support level of 100 into 99 and then into 98. I am only publishing ideas to test them out and not as signals for trading.
It's highly likely the price of oil is still going up. You can probably enter BUY just above the support/resistance of 48.34 and have your take profit at the next support/resistance of 49.15 for a clean 75 pip meal.
I think this is a possibility, therefore I have set a limit to buy on the breakout. It's likely that it could go much higher than it is right now after the upcoming events of the next few days. If the trigger doesn't hit, nothing is lost. * My first published idea. Not much analysis. Just an idea for a trade. How am i doing?