Tokyo Session

Everything accross the board is consolidating, going into Tokyo. It looks too good to be true, and probably is. If I were to chose one, it would be the Cable, just because it has room to retrace, and/or the sharp decline could continue.

Not going to make a Tokyo video today. Don't have time. So trade safe everyone, and we'll see how London shapes up. Will probably post a video then.

RE: GBPUSD

GBPUSD Moving up nicely.

VIDEO: Chart Preview going into London, Tokyo Review

Move has already begun on the Cable. This is why I think a live room would be better. Don't forget to answer the poll question to the upper right of this page. Thanks!

RE: GBPJPY and EURJPY

Both these pairs have made breaks already and are steadily moving up.

VIDEO: London Review EURJPY and Tokyo Preview

Not mentioned on the video is that the GBPJPY is also forming a consolidation squeeze. The shape is more of a wedge, but nonetheless, a squeeze is happening, which is normal for this time of the trading day. Also, EURJPY is forming a consolidation wedge.
See GBPJPY Chart Below Video

EURJPY

EURJPY is trading tight too. Looking for a possible break and hold of 134. Key hurdle looks like 134.10

Summer Holidays and Volume

Long list of news coming out today. JPY unemployment, and GBP-GDP. Check out the news schedule at the bottom of the FXTradePros.com home page. GJ is in a 50 pip range, continuing where it left off on Friday, with nothing really setting up.

Just want to note, Summer is a slower trading period, with less volume. A large portion of the market volume is traded by financial institutions, Bankers. This is the time of year that they take their Holidays. Volume gets thin, and volatility can set in. So be aware. Especially during news time. Sometimes, news is one way, but the market goes the other. Keep a very close watch on open trades. PA is rather unpredictable this time of year.

VIDEO: Trade Review from London, and Chart Analysis for Tokyo

Review of a trade on GBPUSD during London Session. Review of the setup and why I took the buy, and why I closed it when I did. wanted to point out setups, that should be easy to recognize, going into today's Tokyo session.

If you would, could you answer the Poll question, off to the right side of the page. I'm wanting to start doing live chart reviews going into mainly the London, and with time permitting, a short session going into Tokyo. Thank you.