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


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

New to Forex? Then check out my FREE Learn Forex Trading Course with videos, quizzes and downloadable resources

Are you short JPY pairs at the moment? Watch my latest video Live Trades – How Professional Traders Manage Them

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 …

... Keep reading