The GBPUSD has cleared out the 1.2335 zone and is now retesting the zone and primed for continuation higher. With US payrolls out tonight the action could heat up.
We take a look at the AUDUSD, EURUSD, GBPUSD and USDJPY for trading opportunities after the USD comes under pressure from weaker than expected manufacturing data
The EURUSD made the move as expected down to the BidZone and put the squeeze on the buyers to pressure them out. Watching now how things play out.
EURUSD short trade to keep the pressure on the buyers and squeeze price down to the BidZone. Trade alert down through 1.0980 which offers a high return profile versus the risk.