The pound has been showing some strength during this week and I belive it has much more strength under its belt. GBPCAD is now setting up an intraday long setup with price down at support and now rejcting off the 50ema. A pin bar forming now would also give extra confirmation. Look to take profit at previous highs, unless price action shows otherwise.
With a strong dollar at the moment and Euro being a strong bearish trend, I will be looking at taking a short intraday positon, we are now at a strong level of resistance found on 1h, rsi is currently overbought, now waiting for price to reject off the 50ema for confirmation. Once postion is taken I will look to take profit at yesterdays lows. I will close the...
NZDUSD has recently been showing signs of bulls coming into the market with the 4 Hour Chart showing us a Higher High And Higher Low. If price begins to retracing then I will be looking at price coming down to test Monday's high to take a long at around 0.67671 - 0.67622
AUDJPY could be about to make a bounce either between 85.124-85.063 or could be reaching for 85.313, we do have a bearish trendline through 85.124-85.063 I would be looking to take profit at 84.018 and 83.550