AUDJPY

AUDJPYDaily-5-17-2016-768x376@2x

Par rebounds from resistance and still cannot decline strongly. Trend is downward, so if any selling signal occurs, we will consider short positions. Currently price test above mentioned level and we should look for Price Action patterns.

GBPCHF

GBPCHFDaily-5-17-2016-768x376@2x

GBP to CHF also found itself under the resistance. The level is really strong here and two possible scenarios may develop. Moving above and closing higher – then we will wait for correction and look for entry from H4 chart (longs).

Rebounding from the resistance and generating the sell signal from D1 (because the trend is upward). Then I will go short.

USDJPY

USDJPYDaily-5-17-2016-768x376@2x

Long here is still active. Currently currency pair breaks the consolidation range and I hope that it will get to the resistance surroundings where I put my TP order.

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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.