EURUSD waiting for a Day BB for sells. As you recall from the last Day BB that started Jan 17 yielded around 1000 pips gain in just a day and a half through multiple ROI x's. Many more pips were captured the following days after by trading the 4, 2 and 1hr x's. The Day BB may be delayed, however since the mkt is currently above the red river line and if we break above 1.3682 area could break the bears temporarily.
GBPUSD Day BB has brought many pips since last Wednesday. We're waiting another 30 minutes to determine if the new Day ROI projection will still confirm additional sells or if the projection will weaken, which if that's the case will start to signal bull entries but won't trade the pair until the mkt can get above the Day red river line. Targets on bottom side are around 4930 area and upper are 5340 area.
GBPJPY is a similar story to GBPUSD in that we've broken out of a weekly channel the mkt has been in for a long time. The Day BB as well as Week BB has provided tremendous opportunity for the ROI x's. We're waiting another 30 min on this pair for the new day candle as well to determine direction. Key levels to trade to are bottom side 131.40 area and top side 138.20 area.
More to come later this week. Happy trading!
~Patrick
