AUD/JPY sell set-up from the resistance level. Good chance of dropping to 83
Sell set-up described in chart.
Sell limit Gbpusd at 1.3910. Sl : 1.3950, TP:1.3780
EURUSD sell set-up. There is divergence on the 4H chart.
AUDUSD buy set-up from channel support
Aud/Usd may continue to drop and the entire spike may be faded soon. Selling the rallies and targeting 0.77 level as the first TP
Price reversed from the Upper Trend line in Gbp/Jpy and expecting a drop till at least 151 level
Eur/Usd will continue to drop as price has reversed from the double top. Expecting further decline in price till 1.18
As you can see in the chart, 1.40 is a strong resistance zone for Gbp/Usd and bulls have not been able to take out this resistance. So, Gbp/Usd will continue the downtrend and may drop to 1.38 also
The scenario is indicated in the chart. But, for now, a drop to 1.06 level is looking increasingly probable. We need to see how this plays out. For the short term, selling the pullbacks could be profitable for us.
AUDJPY is very weak. Recent recovery has run out of bullish strength and now it is expected to drop to the yearly lows at 60 level.