Markets wait for June 23rd – Brexit poll in UK. I try to be careful and do not open positions with sterling and choose signals wisely. Now I have less pairs to play.

USDCHF

I wrote about this position yesterday. It is making profit so far and is getting close to Take Profit. We’ll see if it will reach it or local support will stop decreases.

If you are interested in Price Action Strategy description, you can read it here.

USDCHFDaily-6-16-2016

USDJPY

Key support at this pair was broken. Pair is decreasing so far almost 250 pips in just one session. If only daily candle will close below mentioned level it will be worth to look for only short positions.

YOU CAN START USING PRICE ACTION AND INVEST ON FOREX MARKET USING FREE XM BROKER ACCOUNT.

USDJPYDaily-6-16-2016

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.