


Ahmer
GBPJPY has been retraced approx 80% from the last impulsive move. Generally i don't trade these kind of setups but I just placed a short trade purely on sentiment.
USDJPY struggling to at major key level support. Previous 4HR candle inside bar formation suggest a long trade setup with good risk reward ratio.
Due to UK General Election the price action was choppy today. The pair also failed to break yesterday highs. We have some shorting opportunity here.
The RBNZ delivered a more clearly dovish statement following their April meeting, suggesting that rate hikes are not currently being considered. USD is currently in a recovery process of previous loses. I believe this will engage potential sellers to short this pair. I will look into resistance area around 0.7600 - 0.75900 will incorporate a PA signal on 15M short...
There is a strong resistance around 1.12850 level. If price reaches to retest this level then i will look for short setups if i get a valid reversal entry on a 1hr to 4hr time frame.
Yesterday the employment data for AUDUSD came unexpectedly higher than expected which is a good sign for this pair but for long term perspective the pair is still under pressure fundamentally. At this moment i am looking for some bullish setups for this pair. Keep an eye arround 0.76700 to 0.76500 for bullish formations setups.
Yesterday EUR went under pressure against major currency pairs which clearly shows further decline this week. Keep an eye on this pair if it reaches to resistance level around 1.2850 - 1.2438 confluence zone which might encourage potential sellers to take this pair to 1.1000. Keep an eye on Intra day news for this pair.
RBA interest rate cut decision did not help this pair to fall further but as we know FED is expected to hike interest rates which will increase selling pressure and we might see this pair to sell into rallies. On the technical side the pair is moving to consolidation and there is a nice confluence zone around 0.7900 - 0.7880 which will encourage potential sellers...
AUDJPY Short Term selling at Key Level 97.00