Broad Currency Pairs View
Most of the currency pairs especially EURUSD, USDJPY, EURAUD,XAUUSD, have moved a significant part of their recent run and now may be around decisive levels where either they will continue to move their recent run or show a significant reversal.
USDJPY if breaks support levels and if unable to sustain above 140.50 now may show a downside corrective move towards 139.40 levels.
EURUSD trend is bearish and now markets are close to important order block and support levels downside 1.06300 levels. So not to be surprised to see markets reaching close to those levels.
So now markets close to decisive levels.
XAUUSD have shown more than 50% correction of the daily upside move and now wither will continue to fall down towards 22.20 and 21.40 if breaks below 22.70 or if unable to break below 22.70, we can see a resumption of broader upside journey.
USDJPY if breaks support levels and if unable to sustain above 140.50 now may show a downside corrective move towards 139.40 levels.
EURUSD trend is bearish and now markets are close to important order block and support levels downside 1.06300 levels. So not to be surprised to see markets reaching close to those levels.
So now markets close to decisive levels.
XAUUSD have shown more than 50% correction of the daily upside move and now wither will continue to fall down towards 22.20 and 21.40 if breaks below 22.70 or if unable to break below 22.70, we can see a resumption of broader upside journey.
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