Market Watch

AUDJPY (BUY) - Although this pair still has some distance to go down before making a turn, but we want to catch a correction in the progress as the weekly STOC has been in the oversold area, so we decided to get in for a buy - We covered our long positions and are now holding at 79.5665.

EURJPY (BUY) - The pair has been passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy - We covered our long positions and are now holding at 121.9238.

GBPJPY (BUY) - This pair has been in the monthly oversold area and MACD has passed the zero line. The weekly MACD is still on the underside, so we decided to get in for a buy - We covered our long positions and are now holding at 154.3150.

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 - We covered our long positions and are now holding at 1.42368.

USDCAD (SELL) - The pair will need some corrections before going down again, at least to 1.2300 level, so we decide to sell it again - We covered our short positions and are now holding at 1.27621.

(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.