Market Watch

EURGBP (SELL) - The pair has turned back from the monthly overbought level and this is an opportunity to sell, but MACD is still on the underside, so the risk is still there and we will be very cautious - We covered our short positions and now are holding at 0.776615.

GBPUSD (BUY) - This pair has the potential to go up again although there will be some big movements a few days later due to the Brexit, so we decided to get in early for a buy - Yesterday we closed some of our positions and took a profit of 33 pips. We are now holding at 1.42368.

USDJPY (BUY) - It is an opportunity to buy when the monthly STOC has been in the oversold area for more than 2 months - We covered our long positions and are now holding at 107.1660.

(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.