EUR/USD
Euro to US dollar is moving towards support and if it rebounds, purchase signal may occur. Another interesting scenario however, will be breakout of the current support, re-test from the top and further decreases (which will be consistent with broader trend).
GBP/AUD
Downward correction also on pound to Australian dollar. It is worth to observe Price Action in the nearest sessions (if falls deepen). Broader trend is clearly upward and we should look only for long opportunities.
GBP/USD
I still have active position on Cable – just one at the moment. Now it gives around 100 pips profit – now I wait for another dozen-pips decreases to move the SL to break-even point.
USD/JPY
Currency pair approached the resistance 6th time in a row – we should not look for selling opportunities though (they would be opposite to main trend). It will be better to wait for resistance breakout. After that, correction and purchase signal will give a chance to open profitable LONG.
