Mark Mc Donnell
Forex Early Warning Representative
- Messages
- 125
The JPY exotics should move higher tonight however all of them have nearby resistance. One pair we like is the GBP/JPY due to not having any resistance past the alarm price.
GBP/JPY – set buy alarm at 122.50, room to move up to the 125.50 resistance and the D1 trend should form past the alarm price.
EUR/AUD – strong long term downtrend in place, this pair has almost no historical support left. We estimate the final support at 1.2925 so set a sell alarm here and if it breaks this price the trend should carry it lower.
When the price alarms hit verify any buy or sell entries with The Forex Heatmap ™ and look for GBP strength or JPY weakness or both on the GBP/JPY or EUR weakness or AUD strength or both on the EUR/AUD.
Good Trading
Mark Mc Donnell
www.forexearlywarning.com
Spot Forex Trading Plans Across 28 Currency Pairs
$19.95 per month
GBP/JPY – set buy alarm at 122.50, room to move up to the 125.50 resistance and the D1 trend should form past the alarm price.
EUR/AUD – strong long term downtrend in place, this pair has almost no historical support left. We estimate the final support at 1.2925 so set a sell alarm here and if it breaks this price the trend should carry it lower.
When the price alarms hit verify any buy or sell entries with The Forex Heatmap ™ and look for GBP strength or JPY weakness or both on the GBP/JPY or EUR weakness or AUD strength or both on the EUR/AUD.
Good Trading
Mark Mc Donnell
www.forexearlywarning.com
Spot Forex Trading Plans Across 28 Currency Pairs
$19.95 per month
Last edited:
