Hello traders, what’s going on market after US closing?
EUR/GBP
There is a pinbar candle creating right below the last local low. Momentum is clearly bearish, and if today’s candle stays in its current shape, it will be a signal to consider selling the pair. Potential range of probable plunge is marked red line.
GBP/JPY
Despite of latest plunge, for two days in row GBP/JPY is possessed by bulls. Short term trendline still works, and the whole chart looks pretty optimistic to me. Destination for gains might be high from 17th of September.
NZD/JPY
Long shadow of Wednesdays candle shows that bulls are trying to take over. Todays candle looks like a tiny pinbar, so if the shape remains it might be the right moment to open new longs. Transaction would be compatible with medium term trend.
EUR/NZD
There is still possibility for playing yesterdays pinbar. Shorts from current levels would be consistent with ruling downtrend.