NZDUSD

Sell @ .8065
Initial Target = .8000
Stop Loss = .8088
Risk:Reward = 1:4

Reasons for trade:  at 78.6% fib, 200 ema on daily, 55 ema on weekly, great risk to reward ratio

I will enter the trade from the 4 hour chart based on bearish candle formations.

Alternative:  If this pair fails to hold at the .8078 level, I will wait for a clear break above this level, followed by a pullback, to go long. My target for this trade will be .8160

GBPUSD

Long @ 1.5600
Target = 1.5747
SL = 1.5560
Risk:Reward = 1:3.6

Reasons:  intersection of trendline, support line, 23.6% fib and is a whole number, great risk to reward ratio

USDJPY

Long @ 100.00
Target 1 = 100.84
Target 2 = 101.52
SL = 99.59
Risk:Reward Target 1 = 1:2
Risk:Reward Target 2 = 1:3.7

Reasons:  break of support followed by pullback, major support line, whole number, 23.6% fib just below

Let’s see how the week pans out now that some of the momentum is returning to the markets.

Happy trading!

Jackie

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