Weekly Price Action Setups & Trade Ideas | Jun 16 - Jun 21

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

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GBPJPY – Testing Multi-Year Support (Weekly chart)

Price Action Context

After breaking below 140.00, the strong selling continued and the pair is now testing a multi-year support zone at which I think at least a solid ST bounce is likely considering the significance of this support zone.

Trending Analysis

If bulls are able to successfully defend this key support, a move back up towards 140 is likely …

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