Brian Twomey
Brian's Investment
Over many weeks, the main currencies on the move and best profits were USD/JPY, GBP/JPY and EUR/JPY. Severely underperforming currencies were EUR/USD and AUD/USD as middle currency. NZD/USD is built for perfection everyday of its trading life and never changes.
Here's a dead and dying EUR/USD and no changes over many months. EUR/USD lacks ability to move. Yet it trades normally according to its numbers.
Most vital 1.0507 and 1.0509 answers what is the relationship between EUR/USD and USD/EUR. The relationship is tight, married and super glued together. Explains EUR/USD trading in ranges, without a breakout and despite oversold. no trend ability. The lethargic EUR/USD here.
Topside EUR/USD for today: 1.0542, 1.0549, 1.0555, 1.0562, 1.0575, 1.0582, 1.0589. We've not seen a dead EUR/USD to this degree in many years.
USD/JPY
Topside USD/JPY today: 134.90, 134.99, 135.07, 135.16, 135.33, 135.41, 135.50. USD/JPY's position is far better than EUR/USD and a better condition to profit from many more pips.
Bottom USD/JPY 134.14, 134.31, 134.44, 134.48. To the next degree which is completely unnecessary for further numbers: 134.56, 134.65, 134.73, 134.77. USD/JPY traded to lows today at 134.34 and traded 45 pips to 134.79. Once 134.79 traded, USD/JPY became untouchable for an entry.
GBP/JPY
GBP/JPY is currently designed to move far and wide to profit from many pips.
Bottoms: 164.54 achieves by 164.64, 164.74, 164.84 , 164.95, 165.16, 165.26, GBP/JPY traded to lows today at 164.81 and not only a horrible position but no good entry existed.
GBP/JPY upside today 165.47, 165.57, 165.67, 165.78, 165.99, 166.09, 166.20. From 164.81 lows, GBP/JPY traded to 165.63 and another terrible number and location to coincide to no good entry.
Trade profit 2 1/2 hours into the day trade resulted in 82 pips and 5 hours remain. The better and easier trade was the 24 hour trade and 100 ish pips profit banked.
Fibinacci numbers lack representation to 7 hour trades which means from 2:30 am est to 10:00 am, Fibonacci numbers won't assist to trade entries or targets.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
Recommended Content
Editors’ Picks
AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP
The Aussie Dollar finished Wednesday’s session with decent gains of 0.15% against the US Dollar, yet it retreated from weekly highs of 0.6529, which it hit after a hotter-than-expected inflation report. As the Asian session begins, the AUD/USD trades around 0.6495.
USD/JPY finds its highest bids since 1990, approaches 156.00
USD/JPY broke into its highest chart territory since June of 1990 on Wednesday, peaking near 155.40 for the first time in 34 years as the Japanese Yen continues to tumble across the broad FX market.
Gold stays firm amid higher US yields as traders await US GDP data
Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying.
Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30
Ethereum suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.
Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data
The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.