Weekly Trades: GBP/USD, GBP/JPY, USD/CAD and USD/JPY

GBP/USD this week vital ranges are located from 1.2950 to 1.3451 and 1.3566. Note the 600 pips and a perfect currency pair range. GBP pairs are actually the only currency pairs with viable trade ability to earn pips.

GBP/USD Trade

Short 1.3329 and 1.3359 if seen to target 1.3127. Must cross 1.3302, 1.3244 and 1.3186.

GBP/JPY

GBP/JPY ranges are located from 142.05 to 147.54 and a 550 pip range.

GBP/JPY Trade

Short 145.75 if seen to target 142.88. Must cross 145.03, 144.31, 143.59 and 143.23.

USD/CAD

Long 1.3166 to target 1.3223. Must cross 1.3178, 1.3196, and 1.3214.
Long above 1.3232 to target 1.3277. Must cross 1.3250 and 1.3268.
Short 1.3277 to target 1.3241. Not again 3 trades.

USD/JPY

USD/JPY trades above its vital break point at 108.57. USD/JPY above 108.57 is a mis position in relation at EUR/USD, GBP/USD, AUD/USD and NZD/USD as all trade above vital high / low points at 1.1088, 12894, AUD at 0.6843 and NZD/USD at 0.6487.

Either USD/JPY breaks below 108.57 or EUR, GBP, AUD and NZD must trade lower as all currency pairs cannot trade at current levels.

USD/JPY massive points to trade higher are located at 109.64 and 110.01. For JPY cross pairs EUR/JPY approaches its vital line at 123.65, NZD/JPY 73.22, and AUD/JPY 78.00’s.

USD/JPY  Trade

Short 109.21 and 109.54 to target 108.72. Must cros 108.89. Short 108.57 to target 107.91. Must cross 108.24. Long 107.91 to target 108.40. Must cross 108.24.

USD/JPY is not worth the effort and its traded only daily but USD/JPY fails to meet the weekly targets and trade ranges at minimum 150 pips.

Brian Twomey

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