Weekly Bonus Technicals 31 January 2016

Weekly Bonus Analysis Video on USDJPY, SP500 and GOLD ( 5 min 47 sec)

Hello everybody .. here’s our weekly bonus analysis …I'm Stef Breschi and today is Sunday, the 31st of January 2016.
Today we’re taking a look at 3 markets we have been actively trading … the USDJPY pair, the SP500 and Gold.
Those who have been following us over the last few weeks will know we went Long at 117.20 on 21st Jan with our primary target at the 50 Fib level of the last downtrend. During Friday’s bullish surge our target was hit so we exited for a profit of ca 270 pips and 2 x Risk.
Such a bullish move could mean further upside to come but price may pause at the present levels due to confluent resistance at 121.50 and the 200 sma. We will stand aside after having bagged a nice profit. We may decide to go Long again on a retracement next week if we get a buy signal around the 120 level.
We went Long at 1848 on 21st Jan on a retracement of the bounce off 1830 key support. Also a nice trade. All of last week price chopped around below 1900 but we stayed Long and on Friday we were rewarded with a decisive upside breakout. We are enjoying a nice unrealized profit as our Reward:Risk on this trade is quite high.  Our first target is 1963, the 50 Fib retracement and our secondary target is 2000.
We’ve been Long for a while. We are Long at 1081.50 as the market made e new Higher Low on a retracement down to the 1080 level, after having broken to the upside, and have enjoyed a nice run up.
Last week price broke through 1109-1113 band of resistance and came back to retest it as support which so far appears to have worked. So we may see an upward resumption next week. Being Long already we are just going to stay Long. If not already Long one could buy in next week as long as price remains above 1109-1113 support.
Thank you for watching and have a great week!

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