[SF Monedge]

If GbpUsd does in fact find a bid toward 2850 I am really eyeballing GbpJpy 189 or the 189.20 area to re-enter short again depending on strength of conviction.  Data from Japan in 10 minutes.  My approach can be very aggressive at times so if you are new to this taking your time with it is prudent.

[SF Monedge]

GBP – That 2790 survived so far increases probabilities of a back fill toward 2850 and if that survives then down it goes.  If 2770 hits and lingers this pair is likely to target 1.2700 in my view.  Anything in the middle of that is horseplay in my view.  It is a matter of the market finding fair value with all factors considered.  Smaller picture the activity is on the sell side, a bit larger picture it is still bid.

[Belgrade Bobby]

Don’t forget to check the Economic Calendar

[GVI Forex]

GBPUSD 1-HOUR CHART

 

The GBPUSD chart speaks for itself. All you need to look at is one level.

1.28 briefly tested, will dictate whether this retreat turns into a correction.

Trendlines on both sides form a wedge closer to the downside but so far untouched.

UK jobs report and US CPI on Tuesday so a fasten your seatbelt day

[Belgrade Bobby]

A bit different approach to USDJPY
As major supports behind this Up trend are far and away right now -143.250 & 139.000, only approach to trading USDJPY is intraday – time frames from 1h and bellow.
But if we look at it on this Daily chart, the following can be concluded – if in next two days USD finds the strength to go above 148.800 (lots, I know  we will be looking at the renewed and even stronger Rally Up.
However, ” If” is not a reliable trading tool, but “Wait and see” comes as a good strategy , so we should accept that approach…
In the mean time, as long as USD is on the defensive, Short it on the smaller time frames given Sell signals , be fast and do not be greedy .

[SF Monedge]

Read earlier that Claude Erb, a former commodities portfolio manager at TCW Group, plots bitcoin’s actual price over the past decade along with Erb’s application of Metcalfe’s Law with the result being a fair value of $35,000 for Bitcoin.

Side note, some ideas for orders I tried to post earlier but it would not post for some reason – buy side AudChf 5790 – Buy side AudCad 8900 – Sell side GbpChf 1260 – GbpUsd Buy side 2812 or lower – AudUsd buy side 6594 or lower – UsdJpy sell side 147.10 or higher –

[Mtl JP]

EURO 1.0927
–
Top price 1.0980-ish.
Sentiment: still bull-ish but non-vigorous

S 1.0900 Res 1.0980

nb / in my perception both CBs are making efforts to make players think that a june cut is an increasing odds destination.

which, to my mind, next question is that of the size of the alleged easings.

[GVI Forex]

EURUSD 4-Hour Chart – Retracement or Consolidation?

The market is trying to retrace but pressures only build if 1.0917 is firmly taken out (so far just briefly). If broken there is little on this chart until 1.0867 (suggests 1.09 will be important). Needs to stay below 1.0946 to keep a retracement risk alive

On the upside, if the retracement fails to build steam, look for consolidation unless Friday’s high at 1.0981 is taken out.

Expect cautious trading ahead of the next key event risk, US CPI on Tuesday.

What Is Consolidation?

Consolidation in technical analysis refers to an asset oscillating between a well-defined pattern of trading levels. Consolidation is generally interpreted as market indecisiveness, which ends when the asset’s price moves above or below the trading pattern…. Investopedia

In simple terms, it means trading within well-defined support and resistance levels until either side breaks.

[GVI Forex]

A timely article posted this weekend i n our blog

Are We coming to an end to EURUSD Temporary Strength

[GVI Forex]

XAUUSD 1 HOUR CHART

Consolidating with a clear 2168-2195 range.

To suggest a retracement risk, the trendline and 2158 would need to be taken out.

[Belgrade Knez]

USDCHF and USDX tested Friday high and EURUSD Friday low ….. let see what SM have in their mind …. continue or reverse!

[Swiss Frank]

SF like you say all good for now. The question is do you wait until you see if it’s a problem knowing it could be a problem, or sell now and then see if its a problem…. Market seems to be deciding as we type….

[Belgrade Knez]

SF Monedge 3:00 pm

Like! ….. 🙂

 

[SF Monedge]

Anything for coffee Knez….dress in camoflauge, a fake mustache for incognito look, a little ted nugent in the earbuds … board the plane, ready for action!  Ahh The life of a currency trader.

[Belgrade Knez]

Bobby 2:55 pm

we will teach them to make ćevape…. 😉

[Belgrade Knez]

SF Monedge 2:52 pm

they should ….. it’s their official currency ….. but question is: are you sure you want to fly with their airlines? …. LOL

 

[Belgrade Bobby]

Knez where is Salvador and do they have pljeske >>> or at least Mc

[SF Monedge]

Knez does El Salvador Airlines take bitcoin? lol

[Belgrade Knez]

SF Monedge 2:41 pm

when you want to have a coffee or else go to El Salvador …. BTC is official currency over there

[Belgrade Bobby]

SF – LOL on USD demise and all the other Millennials hopes…

[Author]

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