The US building permits is forecasted to be 4.0% today which will have a good impact on the currency and it will give you a good entry point, a good entry point will be between 100 to 300 pips above the resistance line.
Based on fundamental analysis mostly, the federal budget is expected to change from 8 to -50 which will definitely affect the currency making AUD more powerful and the expected reaction that AUD USD will increase for a short time period of 2 to 3 days, in addition it will hit a strong support line!!
Fundamentally the graph will obviously react to the news coming in the next few days, as you can see in the graph over the next few days if EUR/GBP reaches that sweet spot, it will be a huge sell opportunity because it will technically prove my analysis too!! , best of luck fellow traders i hope you liked my idea.
After viewing the graph using my technical analysis and fundamental analysis i concluded that the USDJPY is in for a major drop over the next few months since it also reached the monthly resistance that it reaches every 2 months and all of the upcoming news conclude that JPY will increase the currency price making in return to have USD JPY Drop significantly, so...