USDJPY is printing small ranges. The pair has consolidated in the ascending triangle, then has broken up and returned to test the break out point. Continuation from the current level of the move up is expected. SL is 110.5, TP at 113.
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EURUSD continuation
EURUSD has broken up to 1.172 as predicted and returned to a range. NFPs will lead the way. The probable scenario is a continuation of the decline of the pair. A break of 1.165 will open 1.158 and 1.15 levels
EURUSD forecast
US holidays put currencies into a standstill two days in a row. EURUSD is stuck in a triangle. A break of the triangle will lead the pair to the basis of the triangle. The break up will target 1.172 and the break down to 1.153
EURUSD trade update
EURUSD has pulled back after a spike to 1.16 and rebounded to 1.165. A further extension to 1.17 and then to 1.175 is traded with SL moved to 1.16
USD pull back
EURUSD has finished the last week with a strong close on Friday's highs. The daily move exceeded 20period ATR. Today's pull back presents an opportunity to join the EURUSD rebund from the current 1.16 level with SL at 1.155 and TP at 1.175.
USDCAD
USDCAD is getting ready for a break from contraction. Direction of the break will show a further trade entry. Close above 1.3 will open a long trade to 1.31, break below 1.29 will target 1.28.
EURUSD break through
EURUSD has broken through a resistance of 1.175. If the day closes above this level, a futher growth of the pair to be expected. Buy the pair tomorrow at the pull-back to 1.175 and SL at 1.17, TP at 1.16. Vice versa, a close below 1.175 will give a short position with SL above today's high.
GBP services PMI
In anticipation of GBP fundamental news announcement a quick look at the GBPUSD chart suggests that the pair sits in a triangle on H4 time frame. A further move to the downside is expected if the price breaks 1.33 point. A SL to be placed at 1.335 and TP 1.32 at the bottom of the range.
Post NFP
NFPs came out with no negative surprises. As expected in many instances, the price would react against the straight forward news. EURUSD led by GBPUSD has neglected the initial fall. The price is approaching a ceiling of the triangle at 1.17. I'm selling at the current price, stop loss above 1.17 and TP at 1.16. Further move to retest the lows is probable after reaching 1.16
Pre NFP
Dollar index has regained ground recently and it's strength seems unstoppable at the moment. Todays' NFPs could put a halt to USD growth. Only a major disappointment with employment figures will give a lift to EUR, GBP and their allies. EUR sits at a major support at 1.1925. A break of this level will give a way to 1.17 while rebound cound reach 1.205.