Weekly Price Action Setups & Trade Ideas | May 19 - May 24

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Chris Capre’s current live price action and ichimoku trades: EURUSD, GBPUSD, AUDJPY, EURCZK, EU50, CAC40

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GBPJPY – Testing Key Support (Weekly chart)

Price Action Context

After getting rejected from ~149.00 again, bears have pushed the GBPJPY lower, back to a LT key support zone that starts coming in at 140.00. If bulls successfully can defend this support, a move back up towards 149.00 is likely, but if it folds, another key support is waiting close buy, presenting a 2nd challenge for bears looking to …

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