Market Watch
GBPJPY
GBPUSD
NZDJPY
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 short positions and are now holding at 79.0850
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 - Last Friday we closed some of our positions and took a profit of 108 pips. We are now holding at 153.7240.
GBPUSD (BUY) - This pair has been down to the oversold level from January 2016 and the monthly MACD is on the underside at an extreme level, so we are looking for a chance to buy this pair - Last Friday we closed some of our positions and took a profit of 43 pips. We are now holding at 1.37979.
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 - We are now holding at 73.2630.
(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.