Weekly Price Action Setups & Key Levels | Jan 22-27

usdjpy false break setup 2ndskiesforex

​My current active open trades:  EURUSD, AUDNZD, GBPJPY, USDCAD

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USDJPY: False Break Of Key Resistance, ST Bearish (4hr chart)
After a couple attempts in the last week to break through the key resistance around 114.90, the pair has continued to find selling pressure as we talked about last week.

For now I’m staying bearish while below 115.75 on a daily closing basis, which is the false break highs from last week. For now, bears will attempt to to target the Jan lows around the mid-112 figure.

EURUSD – Bullish Price Action Post Pin Bar Signal Failure (daily chart)
Gaining 9 of the …

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