Hello Traders, what’s going on market (almost) after US closing? 😉

GBP/JPY

Pinbar described in yesterday article worked really good. Price plummet just like in previous cases, when corrections of upper trend were sudden and dynamic. Usually falls were also short-lived which means, that after weekend we can start searching for bullish signal compatible with current trend. Target for gains would be area of last highs.

Check how narrow spreads can be.

NZD/USD

We can see a pinbar candle on daily chart which is clear bearish signal. Situation on H4 chart is even more clearer, with similar range of all corrections.

EUR/NZD

Durng few last days pair apparently was in a tight consolidation. Yesterday bears managed to overcome the supply and pair dropped a little. This day didn’t bring any sell signal, but it is worth to follow the situation, and react on probable signals in the future.