USD/JPY 4-hour: Testing the 50% Fibonacci level.
Maria’s Positioning: No positions.
Technical reasons why: The pair is testing the 50% Fibonacci level as a key resistance level at 120.16 above the Ichimoku’s cloud. A confirmation of breaking above this level woulld signal further up-moves. The RSi is above the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 119.73 | 120.16 | 121.14 |
| 119.19 | 120.63 |
GBP/USD 4-hour: Consolidating inside the triangle.
Maria’s positioning: No positions.
Technical reasons why: The pair is consolidating inside the triangle around the Ichimoku’s cloud. The RSI is at the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.4742 | 1.4853 | 1.5335 |
| 1.4637 | 1.4986 |
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