My outlook on EURUSD. Price took out Sell Stops and retraced to the 70,5% Fib, which was a perfect sell entry. COT reports indicate more long positions being closed by central banks and institutions and more shorts being added for a possible drop in price.
My outlook on GPBUSD. With the weaker pound and stronger dollar, we will see price move to the downside, but we might see a small push from the pound before heading down.
My analysis on GBPJPY.. Yen is still week so we might still see a small push to the upside from the Pound
My outlook on GBPJPY. Price at testing the trendline. COT data shows a massive increase in short positions for the Pound in the market, so the likelihood of price breaking the trendline is small. I'm goin with a nice short this week with price heading down to the bottom trendline.
My outlook on GBPUSD. price made a nice retracement to the 62% and with more confirmation of the COT reports, looks like price might be selling to the downside.
My Outlook on GBPUSD for this coming week
MY outlook on USDJPY. Stronger Yen might push the dollar down breaking the support.
My Outlook on EURUSD. hunting the Liquidity in the market