There are no potential signals right now and it is because less technical behaviour of currencies. So far position won’t be open to often, maybe there will be some interesting situation on pairs connected with JPY.

AUDJPY

AUDJPYDaily-12-4-2016-696x304

This pair is right now in bullish correction after decrease. If it would stop on the resistance and there will be any Price Action sell signal it can be great opportunity to open shorts consistent with the sentiment.

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GBPJPY

GBPJPYH4-12-4-2016-696x304

I still wait for an opportunity to open shorts on this pair. As we can see price is getting close to resistance on H4. We just have to wait.

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NZDJPY

NZDJPYDaily-12-4-2016-696x304

This pair rebounded after testing support, but there is no clear Price Action buy signal right now. If price will drop again I will look for long position. Better scenario would be breaking this level and then looking for shorts consistent with the sentiment.

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Marcin Wenus
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.

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