Pairs on Watch -
GBPJPY : This pair is positioned at the highs in a similar structure to USDJPY, however this pair is in session where we know momentum can step in quickly and the small stacks in price can go sooner than we think. I am waiting for price to break out of the small piece of consolidation its currently in and then any lower timeframe continuations I will look to get short.
USDJPY : Price is still looking bullish and has a reason to head to the highs with them being unfulfilled. We can see an expanding type structure is currently forming where it almost becomes a running channel to break out to the upside, if this happens I will look for a lower timeframe flag to get long. The base may not be in just yet which is fine, a bit of patience and wait for the conformation.
GBPUSD : With where the DXY is positioned we could get a position shape up on this pair in either direction. With the gap on the DXY it is whether the fill was enough for it to continue selling, if that is the case we could see price break above the high on GBPUSD and form a continuation where we can get long into the next high.
GBPJPY : This pair is positioned at the highs in a similar structure to USDJPY, however this pair is in session where we know momentum can step in quickly and the small stacks in price can go sooner than we think. I am waiting for price to break out of the small piece of consolidation its currently in and then any lower timeframe continuations I will look to get short. USDJPY : Price is still looking bullish and has a reason to head to the highs with them being unfulfilled. We can see an expanding type structure is currently forming where it almost becomes a running channel to break out to the upside, if this happens I will look for a lower timeframe flag to get long. The base may not be in just yet which is fine, a bit of patience and wait for the conformation. GBPUSD : With where the DXY is positioned we could get a position shape up on this pair in either direction. With the gap on the DXY it is whether the fill was enough for it to continue selling, if that is the case we could see price break above the high on GBPUSD and form a continuation where we can get long into the next high. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.