EG Back At Demand As Sterling Rallies

Last week saw the rally of sterling so we could have some opportunities coming up. We have some other pairs on the list as usual too.

AUDJPY

AJ has hit daily demand and it's run into a bit of supply just above it. Beyond that the path looks pretty clear so if there's an engulf we could see a continued move to the upside.

2017-04-23 AJ Long D1

EURGBP

EG is back at demand. We've been here before so this is a key level. If this gets engulfed it could slide down to the next one below:

2017-04-23 EG Short D1

GBPCAD

Price had a very strong rally last week and we're coming up to a key level which has held price down for some time now. If the level holds, price could be going lower and if it gets engulfed then price want's higher. We'll see how it goes.

2017-04-23 GC Short D1

GBPUSD

GU was bullish and there's a turning point higher up on the daily. Potential bounce with confirmation.

2017-04-23 GU Short D1

USDJPY

Price engulfed the daily demand I mentioned last week so it looks like it wants lower. I'll be looking for more shorting opportunities.

2017-04-23 UJ Short D1

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