EURUSD

Dollar continues winning back its positions lost before. In the hour graph, the price is moving in a descending channel. In case if the last fractal is broken downwards, open a selling position with target 1.3150. It is possible to buy aggressively, when the fractal is broken upwards higher than 1.3299; for long-term buying outlook, it is more reasonable to wait for the pullback to psychological barrier 1.30, as possibility of its testing is very high.

GBPUSD

The British currency has managed to keep the positions taken from US; after falling to 1.4586, the price bounced to 1.47. Attractive options for entering the market are as follows: 1. Place a buying order a little below 1.46. 2. When support 1.4580 is broken, fix Stop-Loss and reverse to sell. 3. Wait till the fractal at 1.4775 is broken and open a buying position.

EURJPY

In the day graph, the price is still fluctuating in the ascending channel, however, as we had supposed, the long upper shadow of yesterday candle became a bear sign. Today, JPY continues strengthening, to great extent encouraged by negative dynamics of the leading stock indexes and up-winding of “carry trade” positions before the holiday. The area in the range of psychological level 130 near 61.8% Fibonacci level looks most reliable. From the level it is possible to expect buying signals by oscillators in the four-hour or the hour price graph.  

Have a nice day! Alex Sabodin.                                                       

Pro Finance Group Inc.