Weekly Analysis (Jan 25-30)

Weekly Analysis (Jan 25-30)

GBPJPY Sold (177.30) Bought (178.80) -150 Pips

GBPUSD Sold (1.5040) Bought (1.5140) -100 Pips

AUDJPY Sold (93.60) Bought (94.17) -57 Pips Sold (94.55) Bought (94.35) +20 Pips





GBPJPY

This Weekly Order was triggered as the GBPJPY rallied back towards 178.52 Resistance. This was definitely a bad trade stemmed from poor technical analysis on our end by not recognizing the current consolidation of this pair between 179.85 Resistance and 176.00 Support. Our stop loss was triggered around 178.80 to eliminate any further losses.

Further Expectations

No further expectations are assessed as of today.

GBPUSD

This weekly order as the (GBPJPY) was triggered as the GBP strengthened in the beginning of the week. Our anticipation was to enter around 1.5040 Resistance as the GBP would continue into a down (bearish) trend for the week. Unfortunately, the Pound held its grounds and our stop loss was executed around 1.5140 Resistance to prevent any further losses.

Further Expectations

We anticipate further consolidation between 1.5140 Resistance and 1.5040 Support before the Pound trends further south.

AUDJPY

This Weekly Trade was triggered around 93.60 Resistance anticipating further bearish movement towards 91.80 Support. The Aussie continued north triggering our stop loss as it reached 94.50 Resistance. As predicted the Aussie touched Resistance around 94.50 and continued south passing 91.80 Support for the week.



Further Expectation

Further bearish movement towards 90.50 Support for the week.