There was a correction on USD/JPY on Friday. The divergence of price and the MACD histogram worked well. I expect a further correction on this pair. I’ll sell it after the price fixes below 113.65 local support. The goal is the 113.00 round level.
An interesting technical pattern has formed on NZD/USD. I expect a correction in the nearest future. The divergence of the price and the MACD indicator will be confirming signals. I will buy NZD/USD after the price fixes above the 0.7015 mark. Potential movement - to 0.7060.
The EUR/USD currency pair has maintained the 1.0570 "mirror" support level. The technical pattern indicates the "bullish" sentiment. The MACD histogram began to rise. This points to an upward trend. I’ll buy EUR/USD after the price fixes above the 1.0600 level. Potential movement - to 1.0630. This transaction is going to be short-term and has a speculative nature.
The comdolls are under pressure due to weak statistics from China and a sharp drop of quotations during yesterday's trading. There is a strong downward trend on NZD/USD. I will sell the pair after the price fixes below 0.6890. Potential movement - to 0.6850-0.6825.
USD/JPY retained the 113.65 support level yesterday. It caused aggressive purchases in the second half of the day. The nearest resistance level is 114.70. The demand for the US dollar is supported by the positive statistics on the labor market and the growth of yield of government bonds. I will buy USD/JPY after the price fixes above 114.70. Potential movement - to 115.00-115.25.
The report on the US labor market is at the center of attention today. The preliminary data indicates the positive statistics. I also expect a strong report. Nevertheless, I usually don’t trade during such days. I have identified the following key levels: EUR/USD Support - 1.0570, 1.0530 Resistance - 1.0600, 1.0630
USD/JPY support - 114.10, 112.80 resistance - 115.45, 116.70 I’m going to watch how the price would react to those marks. I’ll be back to trading on Monday. Wish you all high profits!
I expect a correction on EURUSD at the moment. A strong reversal formation, the divergence of the price and the MACD histogram, has appeared. I’ll sell the pair after the price fixes below the 1.0690 level. Potential movement - to 1.0650 and 1.0615.
The technical pattern on GBPUSD indicates the buyers’ strength. The price has held the 1.2150 key support level. The MACD histogram began to rise. I will buy it, if the price overcomes the 1.2225 local resistance level. Potential movement - to 1.2300. I will use a trailing stop here.
The aggressive buying is observed on GBPUSD today. The pound has weakened against the US dollar by more than 90 pips. I’ll open transactions in the current trend’s direction. I plan to wait for a correction to the 1.2135-1.2150 demand zone. Potential movement – to 1.2100-1.2075.