Welcome to the night trip 🙂
The appearance of the buy signal worth to open long positions, declines are not the result of the weakness of the pound, but the strength of the dollar. Pound for other pairs looks good.
USD / JPY – very strong rise today caused the dislocation lines bear market. It seems that we can return to the upward trend for longer. Of course, after such a strong breaking is expected correction.
GBP / JPY – this is one example of the strength of the Pound (not the only). Open position last week gaining 90 pips. You should be careful at the level of the previous peak, where we are going.
CAD / JPY – on a pair formation appears buy signal in the area of support. Perhaps the weakness of the Yen will also be used to pair with CAD, which is already quite a long time to weaken.
NZD / USD – couple made a 100% typical, often repeated correction. Theoretically, you would try to play on growth. Important support soon, there is no signal of retreat, and even momentum inheritance disputes. Better opportunity appears on the NZD / JPY, where we take the bull formations.
AUD / NZD – we withdraw after the test the previous peak and it seems that after such strong gains will be correction. The first goal is clear support that formed the area of consolidation.
We invite you to the next analysis on our website
