EUR/JPY CYCLES UPDATE Part1

[rufffen]

EUR USD NEW WEEK UPDATE

I got two possible BUY ZONES

1,2486

1,2567

1,2647

1,2672

With the BUY ZONES I use 40 pips SL on EURO and 80 pips SL on CABLE, TP is 80/120 most times.

As we close in on the BUY ZONE, I will update with possible setups.

First SELL ZONE this week is 2880-2920 on EURO, other majors I will update when I got time.

[rufffen]

NEW SETUP:

GBP/USD BUY BUY at market open SL 8720 TP 8890.

[rufffen]

GBP USD position closed for +125 pips per one lot

[rufffen]

Possible SELL zone for EURUSD this week is 2990-3080, now this is not a call, if we will approach this area, I will update the situation.

Currently Im flat though just a small short on CABLE going with tight SL.

[rufffen]

NEW SETUP USD JPY

USD JPY SHORT SELL WINDOW 116.40-60 SL at 116.75 TP1 115.80

[rufffen]

USD JPY update

Looking at my data, I got

116,1600

116,7406

range as the SELL ZONE, so I shorted some lots at current price (116.14) and will add some more lots as we range in this area, prices will most definately drop soon time.

This should also see EUR USD trading well above 2900, and quite possible 3000 range, just a reminded here,

1,2987

1,3067

is the first SELL ZONE on EUR USD this week.

[rufffen]

USD JPY was stopped out for -36 pips, apparently it's doing a decent overshoot now, Im only adding more to short possies, since Im fairly confident that we are topping out, looking at USD CHG EUR USD GBP USD Id say reversal it coming shortly, although CHF hints that there is further 100 pips upside possible.

Can't advise to take any position right now on majors, 1st EUR USD BUY ZONE wasnt triggered yet (2647-2672), so might as well say that best R/R is to stay out of the current markets.

[rufffen]

Here's a USD CHF daily EW analysis to confirm the majors upcoming reversal.