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. Last Friday we closed another part of our positions for this pair and took a profit of 26 pips. We are holding our positions at 0.794470.

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 are holding our positions at 123.3050.

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. Last Friday we closed one more part of our positions and took a profit of 45 pips. We continue to hold our positions at 1.422750.

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.