As we can see in chart USDCHF has steeply fall with very narrow angle so we might see bounce back from current level towards the mention line in charts.
USDCAD has show smiliar reversal pattern at bottom several time but it has failed pattern so currently it is show same pattern but i dont consider it will rise as it has high corelation with commodity and commodity prices are on down trend. so we may see down side for USDCAD after consolidation for shorter time.
EURJPY seeing two major top reversal pattern . huge downside move can be capture as of now from down trendline resistance. we can trade for downside with stop loss and target 1 price will be around neck line to head and shoulder pattern subsequently target 2 & target 3 in chart shown.
If we see strong movement in GBPJPY on downside we can get larger price movement benefit on downside trade but if we see a bounce back from minor support then we have targets at very short distance. major trend we see on downside .
As we see in chart USDJPY will trade in range trade can be done according to breakout or support with tight stop loss with risk management.
If we see the chart we can very much see same pattern forming at reversal point or at top from that we can safely consider GBPUSD may see consolidation to down side view if consolidate price movement will be very much in support and resistance level , if we see downside then we can trade with stop loss for target 1 and target 2 price .
EURUSD is trading at major long term channel resistance point D if EURUSD breaks that channel we can see major move upside in price which can be towards the target 1 and target 2 as shown in image but it pullback into channel line then we can trade on short the EURUSD with fixed stoploss and trade for target which is at support of channel line. continuous line -...