We’ve seen the markets tumble for a number of weeks and even months on some pairs. Though we’ve had a couple of longs the main move has been down recently. For some pairs that’s likely to continue but only until we get to demand. When we reach demand, where we see PA that indicates a reversal we’ll look for longs. This week we have the usual outlook with upcoming opportunities.
CADJPY – Long/Short
CJ has continued down as we thought it might and now it’s closer to the daily demand. I’ll consider shorts where I see opportunity until we hit the demand level below at which point I’ll be looking for a long.
GBPJPY – Long/Short
This is one of the pairs that’s been falling for a few months now. We’re back at an area where price previously rallied from so I’ll be monitoring PA. I’m I’ve spotted a level to short from too as I still think there’s room to fall so I’m be watching that area closely too.
GBPUSD – Long
We’ve seen heavily falls on GU and we’re heading to historic demand. The levels don’t look great but if you look at the rallies from that area, it seems that price doesn’t like it down there. Check out the video below for more details which looks at the weekly and monthly also.
NZDUSD – Long
Price has dropped into demand on NU so I’m watching for a reversal.
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