Hello Traders, what’s going on market after US closing?

USD/JPY

Today we’ve seen a false break of supply zone marked green. If daily candle closes in a current shape, we will have a clear sell signal. Although it would not be ideal, because dominant momentum is still bullish. It would be even better, if the price goes through the zone and then re-test it from above. Buying signal which would possibly occur on chart might be a great opportunity to trade with current trend.

EUR/GBP

There is an engulfing pattern creating near latest bottom. Space for probable gains is pretty limited, because first supply zone is at 0,7200. We have to wait for a correction of todays move.

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AUD/NZD

Interesting situation is creating on AUD/NZD as well. Neither yesterdays, nor todays candle is not a clear sell signal, but if current candle close at current shape, we will have a beautiful pinbar created from last two candles. This bit of imagination might be lucrative, adding thaht everything is happening near key resistance zone marked green. The only no for this trade is a current, still pretty strong bullish momentum.

GBP/JPY

On Monday, we found a obvious pinbar right below resistance zone. Tendency is still bearish, and todays we have got another bearish engulfing pattern. So, there is possibility for playing ask, counting on correction of todays pattern or another new bearish signal. Range of probable fall is last low, right above supply zone marked green.