Forex Charts & Analysis

USDJPY H4

Technical levels to watch 131.00
USDJPY has now broken this bearish channel, putting me on alert for long plays. A resurgent dollar weighed down the yen as stronger-than-expected US jobs data indicated the Federal Reserve had more room to raise interest rates.

Market Update Below

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USDCAD H4

Technical levels to watch 1.320 & 1.350
It's not ideal price action at the moment, but there are two scenarios for me to get long, either a sweep of 1.320 or a breakout of structure and retest of 1.350.

​Market Update Below

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GBPUSD H4

Technical levels to watch 1.230
There was already pressure on sterling due to the Bank of England's perceived dovishness compared to the Federal Reserve. The Rate was raised by 50 basis points to 4% on Thursday, its highest level since late 2008. The central bank, however, believes inflation may have peaked, signalling the end of its tightening cycle.
We look to be seeing the reversal in the GBPUSD and id be interested in selling on any pullbacks.

​​Market Update Below

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AUDUSD H4

Technical levels to watch 0.700
A key swing point at 0.71367 has provided a nice rejection and break in structure. I am now looking to get inline with the market so any pull back to 0.700, I will look to sell.

​​​Market Update Below

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EURUSD H4

Technical levels to watch 1.08
EURUSD also breaking to the downside and I'm looking to sell resistance around 1.08

Market Update Below

USDCHF H4

Technical levels to watch 0.930
​ We want to see a flow into the Dollar before getting involved. In order to get interested in USDCHF, I would need to see a break out of this Bearish channel and retest of 0.930

Market Update Below