the closer to the referendum, the more fear of possible Brexit outcome. let's see if GBPUSD breaks to the downside or not.
EURJPY not looking good if price cannot bounce impulsively to the upside.
It looks like a good idea to short NZDUSD at current level. with stop above high. Next impulse could be down.
We have CAD employment data coming up today which is a high event risk. Technically, short break out of a small channel looks like a good idea.
the crazy GBPUSD spike earlier today had sent EURGBP to retest trend line and it holds and bounced! Is the correction done already? maybe this is a great opportunity to go long.
The latest Brexit poll created some fear selling for GBPUSD on early trading. This could carry over to London and NY open, the sentiment for GBPUSD is bearish as we see the pound cannot follow EUR and JPY to rise on last friday's bad NFP report.
price broken below a corrective channel which is bearish. Given the strength of JPY, just sell this pair with any consolidation.
Please tell me... i have no idea at all...
I believe no one will be talking about US rate hike now for a while. Is it the time for EURUSD to rush higher?
Price has been broken above a corrective channel with minor 5 wave up. Now we'll wait for consolidation before entering long.
it looks like the downside momentum is fading, a good short term long is possible.
GBPUSD had been supported at 1.44 area, and moved sideway. The PA looks like an expanding leading diagonal, which could be wave 1 or A, Long at this level with very tight stop just below previous low.
ECB sent euro pairs lower yesterday. In fact, the whole press conference is not that bearish. I don't understand why euro was sold after it. EURJPY retested an diagonal triangle bottom but failed to break. It's a good idea to go long with stop just below it.
Long break out of channel if you have a strategy to do so.
price is in an expanding triangle consolidation, it looks like will end soon. buy now or buy break out.
AUDJPY popped higher due to better than expected GDP figure, even it was revised higher after yesterday's good AU export data. Given the such good data, AUDJPY still struggles to break to the upside of the channel. Which means price may just stall here and turn back lower soon and the pop provided a good shorting opportunity. I have entered a small short at 80.70...
Both are possible so trade what you see! I'm short AUDJPY with small lots btw: