Monthly reviews

USDJPY

The major shows moderate bullish pressure in direction of upper Bollinger band (115.26), where the resistance resides, that saves from probable rally in direction 118.62 and 123.05. Thus, after touch of the 115.26 level, we can expect downward correction.

Cryptocurrencies

Tendency for trading in the side corridor 5843.30-7740.30 preserves.

GBPUSD

A very sluggish development of upswing is in progress, that is determined by the absence of market’s direct buy signals. 

EURUSD

After August’s false downward break of the inside bar, bears responded in September by false break to the upside. 

USDJPY

Tendency for contraction of Bollinger bands in context of weak ADX preserves. The range of long-term trading is limited by 106.46-115.73 borders

Cryptocurrencies

 The 5751.76 area at middle Bollinger band serves a very strong support for bitcoin. ADX is actively falling, therefore, probably, we’ll witness one more monthly flat in the 5751.76-7300.00 range.

GBPUSD

Forming of the downswing goes with small amplitude, that may produce expectation of correction. However, there were no direct signals for stopping or reversal so far, therefore, it’s rather to wait for renewal of the lows (in direction of the 1.26 and 1.25 levels)

EURUSD

 Clear false downward break of the inside bar and support 1.1550 can lead to the start and development of upswing towards the 1.2089 region, where, as we remember, there is a sell entry area within bearish pattern O&U.

USDJPY

The major is breaking to the upper Bollinger bands, to achieve that bulls have penetrate local barrier 110.42

AUDUSD

Supposedly, downward phase of long-term flat of the major in the range of Bollinger bands (0.7241-0.8026) is coming to an end