Trade Setups For This Week: USD/JPY, Gold, S&P500 – August 22nd, 2016

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Trade Setups For This Week: USD/JPY, Gold, S&P500 – August 22nd, 2016

Postby kreslik.news » Sun Aug 21, 2016 11:18 am


USD/JPY – dollar/yen continues to be contained as long-term downtrend remains

The USD/JPY continues to remain subdued as the long-term downtrend is holding prices down. We have been bearish on this pair for some time now and remain so this week. Traders should watch for moves to the upside (strength) in order to get short whilst prices are under 102.75 this week. If we get that strength, we want to then watch closely for a price action sell signal form as ‘confirmation’ for short entry into this pair.

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S&P500 – S&P500 long-term uptrend continues

The S&P500 has remained buoyant in ... (read more)

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