EUR/USD tried to move up totay, but latter found bearish pressure and ended the day by forming an indecision candle just bellow the 1.3400 resistance zone.We are still conscious on the next strong directional bias that will occur on this pair.Our directional bias will depends on the price action reaction below or above this resistance zone.
GBP/USD continues its consolidation today by ending the day practically unchanged as regards friday close.
We are anticipating rotation back to value as analysed last week.We keep our eyes open for any obvious price action that will form around 1.5575 and 1.5439 areas coupled with the EMA layers which in turn will serve as confluence point.
NZD/USD formed an OBVIOUS counter trend pinbar today as mentioned and expected by based on our last week analysis.The counter trend pinbar has a potential to move lower in the near term, as the pair has been in range momentum for some time.Given the recent down trend momentum of this pair will have a strong bearish bias in the near term.
USD/JPY formed a bearish pinbar today after flirting with high price earlier in the session.The pin bar has higher probability of moving lower based on the recent lower highs and lower lows pattern of the market.
GBP/USD continues its consolidation today by ending the day practically unchanged as regards friday close.
We are anticipating rotation back to value as analysed last week.We keep our eyes open for any obvious price action that will form around 1.5575 and 1.5439 areas coupled with the EMA layers which in turn will serve as confluence point.
NZD/USD formed an OBVIOUS counter trend pinbar today as mentioned and expected by based on our last week analysis.The counter trend pinbar has a potential to move lower in the near term, as the pair has been in range momentum for some time.Given the recent down trend momentum of this pair will have a strong bearish bias in the near term.
USD/JPY formed a bearish pinbar today after flirting with high price earlier in the session.The pin bar has higher probability of moving lower based on the recent lower highs and lower lows pattern of the market.
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