Market Watch

EURGBP (SELL) - The pair has been near overbought level and this is an opportunity to sell, but monthly MACD is still on the underside, so the risk is still there and we will be very cautious - We are now holding our positions at 0.79039.

EURJPY (BUY) - The pair has been passed the monthly oversold level and zero line. Although it will go down for some more, approximately to 120.00 level, it is still presenting an opportunity to buy - Last night we closed part of our positions and took a profit of 19 pips. We are now holding at 122.7880.

EURNZD (SELL) - This pair has a rebound from the April low, so we decide to sell it again - We are now holding our positions at 1.66943.

NZDJPY (BUY) - This pair's monthly MACD and STOC have been underside and in the oversold level for nearly 2 months, so this is a chance for us to buy it - We are holding our positions at 73.5205

USDJPY (BUY) - We have not been buying or selling this pair for some times, but now it is an opportunity to buy after the weekly STOC is down at an extreme level in the oversold area - Last night we closed part of our positions and took a profit of 62 pips. We are now holding at 107.6480.

(Charts: Forex Trader)

Disclaimer: This is a personal analysis, not an actual advice, therefore we will not accept any liability for any loss and damage which may arise directly or indirectly from the content of these and future articles.