The following are my views for the day ahead. I check the charts before the London session to get a feel for which direction the market may be moving. I then wait for triggers to setup in my planned direction. I usually don’t take all the trades.
- GBPUSD, daily could be bear candle to ytd low of 1.523. Could also have 2nd leg up to 1.54
- EURCAD, likely to break higher 1.4133, but need to have some PB first
- EURUSD, looking bullish, but need PB first before break higher to 1.133
- USDJPY looks like can break ytd high of 124.7. Probably target resistance of 124.83
- USDCAD found support at 1.24 ytd, should find resistance at 1.25, 1.255.
- EURJPY found resistance at 140.35, PB is due, but not sure where
- GBPJPY, look for bounce off TR support at 189.8 to 190.5
- AUDJPY moved enough for the day
- AUDUSD moved enough for the day, to bounce up from 0.77 support today or tmr
- EURAUD More upside today or tmr expected. But first need to PB