Market Watch

EUR/GBP (SELL) – The pair has been near overbought level and this may be 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 closed one more part of our positions for this pair and took a profit of 40 pips. It’s at 0.79705.

EURJPY (BUY) – The pair has been passed the monthly oversold level and zero line. It will go down for some more before making a turn. That is indicating on both weekly and monthly levels. We closed part of our positions and took a profit of 60 pips. It’s at 123.773.

GBPUSD (BUY) – This pair will go down some more before turning up. It’s near the historical level at 1.4000, but the monthly STOC is already in the oversold area. We closed one more part of our open positions for this pair and took a profit of 30 pips. It’s at 1.42667.

NZDJPY (BUY) – This pair also has been passed the monthly oversold level and zero line. Although it’s still have some distance to go down but on the daily chart is indicating a possibility of a turn. We will wait for some times before getting in. It’s at 123.126.

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 or future articles.