Market Watch

EURGBP (SELL) - The pair has been in the 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 holding our positions at 0.763380.

EURNZD (SELL) - This pair has a rebound from the April low, so we decide to sell it again - Yesterday we closed some of our positions and took a profit of 31 pips. We are now holding at 1.658750.n

EURUSD (SELL) - We will pay close attention to this pair. In a wider picture it is a buy, but we see the weekly STOC has been in the overbought level, that's why we decide to get in and sell it temporarily. We will not be in for long, just long enough to grab some profits and get out - We are now holding at 1.12913.

USDJPY (BUY) - It is an opportunity to buy when the weekly STOC is starting to turn from the oversold area and the monthly one is at 9.71 - We are holding at 109.2180.

(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.