In today’s analysis, we have a lot of instruments waiting for a breakout in order to give us a legitimate trading signal. These are possibly going to be sweet deals in the upcoming week or two.
First one is the GBPUSD pair, where the price is inside the flag formation, just below crucial long-term highs. Breakout to the upside will give us a signal to buy.
The USDJPY pair is testing the lower line of the flag. Breakout should activate more sellers.
The EURGBP pair with a descending triangle pattern. Currently aiming its horizontal support.
The EURJPY pair testing the neckline of a big H&S pattern. That can result in a breakout.
The CHFJPY pair with an H&S pattern on a long-term resistance. Possibly an interesting trade for the sellers.
The AUDJPY pair is trying to break the upper line of the triangle but the first attempt looks bad. It is possible that a false breakout is happening right at this moment.
The GBPJPY pair showing the beauty of price action. First two pennants and now a very clean flag. Breakout to the upside can be a great buy signal.
Trading FX/CFDs on margin bears a high level of risk, and may not be suitable for all investors. Before deciding to trade FX/CFDs you should carefully consider your investment objectives, level of experience, and risk appetite. You can sustain significant loss.