Market Watch

CAD/JPY (BUY) - The pair has been around oversold level for many months and MACD is on the underside, so there is a chance to buy it - We are now holding new low positions at 77.252.

EURGBP (SELL) - The pair has turned back to the monthly overbought level and although MACD is already over the zero line, but we still think it a chance to sell - We covered our short positions and are now holding at 0.82839, 0.80087 and 0.79176.

USDJPY (BUY) - It is an opportunity to buy this pair when both monthly and weekly STOCs have been in the oversold area for more than 4 months - We are now holding at 102.3770 and 101.2730.

(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.