(1) EUR/USD
EUR/USD flirt with higher price earlier in the session before ending the day lower by forming a bearish small pinbar below the key resistance area of 1.3400. We are anticipating a rotation back to value(EMA LAYERS) where will can look out for bullish setup.Given the formation of large fakey within 1.3200 zone, we are bullish bias in the near term given that the next key resistance zone is ahead (1.3400)
(2)GBP/USD
GBP/USD stalled today by closing on a bearish note.In the week to come we fancy a rotations back to 1.5575 zone or the EMA layers where we can look for a bullish setup to join the retest of1.5752 resistance zone.
NZD/USD moved up modestly today, but failed to close above the 0.8105 resitance zone.The dominant momentum is a ranging conditions. The price action around 0.8105-0.8162 next week will help to clarify our near term directional bias.
(4) USD/JPY retraces today by retesting the resistance area around 97.76 zone.We expect lower price next week to support the Higher Highs lows and lower lows momemtum that the market has picked up recently.The next key support zone is around 95.92 zone.
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