USDJPY almost to target there squeezing higher as expected while retails increase their shorts, entry as always was shared with the private network members, if you would like to have more info like the UJ one while following our exact trades with entries and exits contact @JayRally to join the private network, we have opened now 3 seats and 1 has already been booked...

EURGBP playbook for this week...

We have been eyeing EURGBP shorts since last week once we saw that liquidity hunt above the 0.93, we were anticipating a squeeze lower but failed to get an entry last week, we will try again this week keeping an eye on last week mid-range for a possible entry which should come either on Monday or Tuesday, we will look for lower timeframes confirmations before entering and entry details will be shared as always with our private network members, so in the chart above we have marked the best entry zone but please don't enter blindly on this, the market is volatile and everything can change quickly, so wait for your preferred confirmation in the selling zone before deploying a position.

At the same time we will keep track of the retail sentiment here, last week they have been adding longs and we want them to keep adding longs this week too for us to get comfortably short, trade safe everybody and think twice before entering trades int his environment

So should you be long OIL expecting an escalation in the middle east?

No, if you want to bet on an escalation your best choice would be long Japanese Yen rather than long OIL, we tipped our private network member last week on how Japanese 10YR bonds are finding some strong support and how it will cause JPY to strengthen, which is why we are short EURJPY from 120 in the network...

Have said too much already, EURGBP doing wonders by the way

EURGBP almost done for the week, entry details were sent as usual to the private network members and played out nicely even tho we got taken out too early from it but profit is profit so not complaining

Don't say we didn't warn you about the JPY strength coming, we capitalized on that with the network members with a short in CHFJPY, still expect more strength for the Yen even tho the OIL market and a possible OPEC cut can shift the sentiment but anyway we will be on top of that as always with the network members, will send you a detailed JPY analysis in the coming days...