Best three sell occasions on the market

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Published: Jan 10, 2018, 10:28 UTC

Tapering of the bond-buying program from the BoJ triggered a sell-off on the USDJPY. Currently, the price is breaking the long-term up trendline and a

Tapering of the bond-buying program from the BoJ triggered a sell-off on the USDJPY. Currently, the price is breaking the long-term up trendline and a crucial support on the 112. The first potential target for this drop is the 111 support (lows from November).

AUDNZD is going down as expected. We are currently aiming the neckline of the head and shoulders formation. A breakout here can trigger a long-term sell signal on this instrument with a potential reward of 500 pips.

Bitcoin is breaking the mid-term up trendline, which can be a short-term killer for this crypto. In case that we will close a day below this support, the next potential target will be the area around 11k (lows from November).

This article is written by Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis

About the Author

Tomasz Wiśniewskicontributor

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.