Weekly Price Action Setups & Trade Ideas | Jun 23 - Jun 28

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Chris Capre’s live open price action and ichimoku trades: GBPUSD, NZDJPY, USDJPY, USDNOK, CAC40, VIX

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EURJPY – Pulling Back Towards Key Resistance (Daily chart)

Price Action Context

Since breaking through the key support zone in early May, the zone has been tested twice as resistance, strongly rejecting higher prices, indicating that bears are willing to protect this area. After finding support around 121 a second time, another move back up towards the resistance seems likely at the moment IMO.

Trending Analysis

Bearish …

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