Market Watch
GBPCHF
GBPJPY
USDJPY
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.
GBPCHF (BUY) - This pair has the monthly STOC being in the oversold level for more than a monthly and MACD at the extreme on the underside, so this is a chance to buy it - We are holding positions at 1.32411 and 1.27947
GBPJPY (BUY) - This pair has been in the monthly oversold area more than 6 months and MACD has passed the zero line nearly of that long. The weekly MACD is also on the underside, so this is a chance to buy it - We are now holding positions at 148.8068 and 132.8220.
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.