Welcome in today’s price action setups preview. Our analytics team prepared four currency pairs especially for you – EUR/CAD, EUR/USD, GBP/JPY and GBP/USD.
EUR/CAD:
Currency pair is in the downward trend, but currently we can see an ongoing upward correction. 21 EMA may stop it. It is worth to observe euro against Canadian dollar and look for PA sell signals.
EUR/USD:
The most liquid currency pair is now below the key resistance (earlier support) and it seems that further decreases are only matter of time. If upward correction activates, test of abovementioned level will be an opportunity to open shorts.
GBP/JPY:
Japanese ninja rebounded slightly in the vicinity of support after consolidation. We mentioned this level in few analysis, because chart generate daily candles with long shadows, with indicates demand. If upward trend really reactivates, we should see attacks on the last highs.
GBP/USD:
It seems that correction on Cable will last a little longer – there is still a lack of key support test. If it shows, we will look for PA buy signal and trade with long-term upward trend
