Mastercharts - AUDJPY

This is a pair I don't trade regularly except there is an irresistible opportunity. I however post it for the benefit of traders trading this pair.

The major support/resistance areas for AUDJPY are indictated on the yellow lines and the blue/red lines are the minor areas. The distance between each area are roughly 1000 pips each.

As usual the monthly week, and daily charts are attached.

mastercharts - USDCAD

Let me continue my series of mastercharts for some of the major pairs with USDCAD.

The major support/resistance areas for USDCAD are situated on the yellow lines and the blue/red lines are the minor areas. The distance between each area are roughly 1000 pips each.

As usual the monthly week, and daily charts are attached.

GBPJPY:

I am the view that trading should be based on sound strategy. The dragons major moves are around 1000 pips broken down into 500 pips. If you want to trade the dragon successfully, trade every 500 pips break to the upside or downside.



The yellow and aqua horizontal lines show the full circle of about 1000 pips, depending on where a move begins from. There is however a break of 500 pips between each circle.



The down move from 140 to 130 completed a circle, a new circle began from 130 and reversed at 135. It touched 130 and on its way back to 135. If the weekly fails to close above 135, then 135 to 125 will constitute new circle. You can see circle clearly on the weekly charts.



Price is currently trapped between 130-135. However, the monthly has actually indicated 135 as resistance and if the support at 130 area is successful broken 125 will complete the next circle.





Check the Mastercharts for the GBPJPY in my previous articles in the monthly, weekly and daily timeframes.

Mastercharts - EURUSD - Monthly and weekly charts

Mastercharts - EURUSD

The major support/resistance areas for EURUSD are situated on the yellow lines and the blue/red lines are the minor areas. Here are the levels.


1.60500
1.52000
1.41000
1.16600
1.07100
0.83300