Market Watch

EURJPY (BUY) - The pair has been downwardly passed the monthly oversold level and zero line. Although it will go down for some more, it is still presenting an opportunity to buy - Overnight we closed our positions and took a profit of 74 pips. We are now standing aside for a while waiting for a right moment to buy this pair again.

GBPAUD (SELL) - With the monthly MACD is still on the upper side and weekly STOC is turning down from the overbought area, we decided to sell this pair again - We are now holding at 1.95903.

GBPCAD (SELL) - This pair still has the monthly MACD on the upper side and got some distance to sell, at least to 1.7700 level. With a weekly cross down from the high last May, we decided to get in and sell it again - We are now holding at 1.83268.

GBPNZD (SELL) - For the longtime outlook, this pair still has some distance to sell, at least to 1.9700 level, and the weekly STOC has turned down near the overbought area, so we decide to get in again - We are now holding at 2.05793.

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 - Overnight we closed our positions and took a profit of 270 pips. In anticipating a minor pull back, we are now standing aside waiting for a right moment to buy it again.

NZDJPY (BUY) - This pair's monthly MACD and STOC have been on the underside and in the oversold level for nearly 2 months, so this is a chance for us to buy it - Overnight we closed our positions and took a profit of 34 pips. We are now standing aside to wait for another opportunity to buy it again.

(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.