The dollar is really close to it's weekly demand, while the momentum is still DOWN, but it is logical NOT to look for sell due to price location being too close to demand area.
On the Daily, Down momentum was broken and confirmed last week, so on this TF we can start looking for buying opportunity.
on the 4H, newly created demand last week was the source of the...
EURJPY is at it's weekly supply so buying will have higher risk.
on Daily, price is compressed, looks like buyer is under pressure.
Selling opportunity on H4 from newly created supply targeting the start of the compression on daily TF with 1:5 R:R.
GBPJPY reacted out of daily supply zone, and currently dropping quite significant. It also created new daily demand, and from that demand, price rally breaking the down momentum line on the daily.
Down momentum line on the 4H is also broken. Buying opportunity at the newly created demand area, refine the zone on the low tf to minimize the risk.
EURAUD has been move in a range bound, selling from the upper bound seems reasonable choice.
Wait for any sign of bear activity on the lower TF near the upper bound. this trade also offer pretty good R;R.
have a good one.