EURGBP has seemed some bullish movement, but it seems like its going to end soon. With a weekly trendline at 0.8660 and an upper wedge forming with a possible fake out. EURGBP might head back down a bit before making its next move.
Looking to start shorting Gold in the near future. 2 possibilities can happen right now prices making a clear break below 1307.00 and heading lower, or prices heading back up towards 1350.88 levels before making it back down
Looking to continue shorting GBPUSD. In the higher timeframes, we can see the pound consolidating within a channel, making lower and lower highs. I suspect the pound will stay in the channel for a while before breaking out of it (either higher or lower), however my perspective on this pair is still bearish so I ...
A clear breakout could be seen on NZDUSD. Like always, this will provide a great opportunity to short the pair after a proper retracement. A position could either be opened now or at the 38.2% region. Trade with care
USDJPY is currently hovering near a major weekly support region. This could be the deciding factor on where prices will head in the future. If prices break below the blue box, we could expect prices to drop lower. If it doesn't, I have a suspicion that it would break out of the channel and head higher.