Chart Updates for London Session

1.6585, that is the 0.0 level I have on the Fib for the GBPUSD, that has been holding pretty true all week. You can see the resistance that built up along the 23.6 Fib, and has broken above it in the last hour.

GBPJPY is ranging within .25-.85. Break should happen in this hour or the next. The past few hours of the Asian session has been quiet.

Orange lines are S/R. The Green 155.40 on the GBPJPY has been a pretty strong Support that past couple of weeks. Fibs are in green on Cable.

London Update

EURUSD, GBPJPY, AUDUSD, EURJPY, GBPUSD and USDJPY are all finding bottoms and/or flirting with yesterday's lows. With the USDCHF, it is the highs. Some are making breaks as I type.

RE: Video and the EURUSD

The EURUSD did break down, out of the consolidation squeeze, for a 2 pip move down. Now it has moved back up and is finding resistance at 1.4181. S/R levels above a break of 1.4181 are .4200 and .4241. It also could start ranging between .4151 and .4181, then watch for break later in the day as other Asian markets open into Moscow.

VIDEO: Looking at Support Breaks During Tokyo Session

Outline of how to see and chart possible support breaks in Forex Trading. These are normally a short term Forex Trade Signals that develop quickly.



Repost: In this video, we take a humorous look at emotions in Forex trading. The live trade room is also discussed, along with Forex trade signals, and Managed Forex accounts.

GBPJPY and EURJPY Tokyo Session

The GBPJPY and the EURJPY are both forming clear support levels, over the past few hours. Watch for breaks below. After the breaks, watch for support at the orange resistance lines, and/or the green Fibs

VIDEO: Example of Emotions in Trading

In this video, we take a humorous look at emotions in Forex trading. The live trade room is also discussed, along with Forex trade signals, and Managed Forex accounts.

Don't forget to sign up for the live trade room above.

GBPJPY

After breaking above the short term range going into London, of 155.50, it is stalling a bit to the decline in the JPY. If 155.50 doesn't hold, watch for a break below 155, which is also the 23.6 Fib from yesterday's low. Target the 38.2 Fib and the 50.0 Fib.

VIDEO: NY Preview and GBPJPY Trade From London Open

Review of London Forex Trade Signal(setup). Also summarized S/R levels on currency pairs that are ranging, EURUSD, USDCHF, USDCAD.

VIDEO: London Open and Review of GBPJPY Post

Video review of posted Forex trade setup on the GBPJPY going into the London session.

VIDEO: Review of Friday's London Session Sell on GBPJPY

Forex trade video review, from Friday's London Session. Trade was a sell on the GBPJPY. The video reviews why the trade was taken and why and how "Take Profit" levels were established using Fibonacci Retracement levels, and prior S/R (support and resistance) levels. Discussed are the importance of following your trade plan, and also the importance of taking profit when the opportunity presents itself.

VIDEO: London Session-Watching for range break on the GBPJPY

Wanted to post a quick video before the weekend rolls in. I'm seeing a possible setup for a break below 153 for a sell, outline the reasons why, and look at fibs for a possible first target. (Not on the video is that the 50.0 Fib is at 151.15)