AUDUSD
After correction pair dropped clearly below local support and it is consolidating. If it will test resistance area it will be worth to observe H4 chart and look for Price Action signals.
EURAUD
Yesterday it looked like pair will break resistance. However breakout was false and for now EURAUD stays in wide (500 pips) consolidation. If there will be sell signal, you can consider shorts, remember that they are against trend.
GBPJPY
Yesterday pair decreased but didn’t reach support. There should be fight which will decide about direction in near time. If there will be buy signal on D1, we can consider long positions. Better scenario will be if price will break below, then we will look for sell signals.
GBPUSD
Cable broke below support, but it is not very strong move. It still can be just false signal. Similar like in the case before – buy signal on D1 will let opening longs, but I would prefer break and play shorts.
USDCAD
There is quite clear situation on Loonie, I wait for bearish correction to old resistance (now support). Then I will look for buy signals on H4 chart. You can start using Price Action and invest on Forex market using XM broker.
USDJPY
Pair is still in triangle formation. Price is bouncing from band to band. Soon there should be a break and then we can open positions consistent with trend.
