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. 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. 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. 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. EURUSD H4 Technical levels to watch 1.08 EURUSD also breaking to the downside and I'm looking to sell resistance around 1.08 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
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USDJPY H4 Technical levels to watch 132.00 USDJPY is currently moving in this bearish channel. As a DXY bull, I am looking for a breakout of this channel to start hunting for long plays. Before getting involved in Dollar pairs, it is necessary to remain patient and let them show their hand. GBPUSD H4 Technical levels to watch 1.2300 GBPUSD has swept a key high at 1.24468 and rejected to the downside, for me to get involved id need to see a further break of structure to confirm my downside Bias. Important to note that this is not guaranteed to happen and just my thoughts on the market. AUDUSD H4 Technical levels to watch 0.71367 I am watching a key swing point at 0.71367 for a potential rejection and will get involved if we see a further break in structure.  Technical levels to watch 1.0850 EURUSD is still trading in a bullish channel for the time being, and any break out of this structure would make me consider selling with 1.0700 being the first initial target. USDCHF H4 Technical levels to watch 0.9250
It is important to remain patient when trading Dollar pairs, and USDCHF is no exception. 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. BTCUSD H4 Technical levels to watch 17.1k A potential buying opportunity on Bitcoin might arise if we can pull back to Monday's low, at which point I will monitor price for a potential move. CPI tomorrow so be aware of that before you open any positions. ETHUSD - H4 Technical levels to watch 1285 During this market pullback, Ethereum has been looking very strong, so if we come down and sweep Monday's low with a rejection, I will look for a continuation play. SOLUSDT - H4 Technical levels to watch 15.00
We have structure running through Sol at 15.00 that coincides with Monday's low. If price pulls back, I will be looking for longs into 19.00. USDJPY -H4 Technical levels to watch 134.00 Key structure coming into play currently on USDJPY, I myself am using USDJPY as a gauge of both currencies strength so if we start to continue down I will look to trade other Yen pairs to the down side. EURUSD - H4 Technical levels to watch 1.0600 EURUSD is still trading in a bullish channel for the time being, and any break out of this structure would make me consider selling. AUDCHF - H4 Technical levels to watch 0.6300 Despite the short-term rise in the Aussie Dollar caused by China lifting some restrictions on coal exports, I remain bearish on this. I would need a break outside the range to get interested. AUDJPY - H4 Technical levels to watch 91.200 We are seeing a pullback in all AUD pairs, and this is in an area where we sold previously. Awaiting setups. AUDUSD - DAILY Technical levels to watch 0.6850 The levels on Audusd have been adjusted slightly, but I remain bearish and patience required for now at the start of the year. CADCHF - H4 Technical levels to watch 0.6900 New to the watchlist as it appears we are establishing a range. I am bearish on this instrument, so the fact that we are at the top of the range interests me. We are waiting for the set up signal. CADJPY - H4 Technical levels to watch 99.500 Getting a decent pullback on CADJPY and a sweep into 99.50 would interest me if we see rejection from there. EURJPY - H4 Technical levels to watch 142.00 If the Yen strength increases, I am interested in selling EURJPY on a pullback towards 142.00. GBPJPY - H4 As we have confluence resistance at 162.270, I would prefer a deeper pullback to take stops. The bearish bias remains.
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AuthorDominic James Archives
January 2023
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