GBPJPY Outlook for the week 27th Jan 2014

GBPJPY Outlook for the week 27th Jan 2014

Daily Chart

We have a clear indication of a bearish sentiment as we have a clear lower highs.  

But we have not performed lower lows yet.  We are playing into support and the daily candle looks very bearish , So would not be surprised if support is broken, If support is broken, we will be looking for confluence levels with ichimoku clouds (As its a Japanese indicator, it usually respects it on a yen pair)

On the daily chart, I have two scenarios (in different colors)

Hourly Chart

Outlook Trade opportunity

This one as you can see i have no trade setups however all the Blue highlighted levels , we should expect some sort of bounce for a scalp.
When i clearly see an opportunity, i will upload on my blog

Risk Level n/a

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD outlook for the week 27th Jan, 2014

AUDUSD outlook for the week 27th Jan, 2014

Daily Chart

The bearish sentiment continues 

• Divergence is spotted on stochastic

4 Hourly Chart

Hourly Chart

Outlook Trade opportunity

Would be selling at a retest of resistance which was support before breakout, and a Long order at major support (pls see 4hr / 1hr chart)

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below