Possible triangle in the making. If it break to the upside, then 1.60 is in cards.
Possible break-out to the downside but the price action has been rather slow and range bound here lately, so we could easily see a move back into the old channel. I would be intereted in trading this one after the FOMC is behind us.
Slightly bearish weekly close here but keep in mind that we are in the middle of a very large range. I expect the range to hold for quite some time at least until the end of July.
Very nice, bullish weekly close in GBPUSD but we are re-testing a major resistance area so we may see consolidation through out july in the marked zone but only if the FOMC is going to be sligtly negative for the USD.
Not much to add here. Price action looks quite nice and fairly bullish on the lower TF's (for now) but it does not change the fact that the resistance area ahead us, may bring more consolidation, perhaps maybe even for the whole summer. Nevertheless, we should get a full picture after the FOMC meeting, next Wednesday.
EURUSD is stalling at the trendline resistance and I'd say it is not a good sign. If we stay here long enough we may see a pullback towards the 1.1070/60 area, before anything else. Also keep in mind that the FOMC is next week and that could be a big game changer in the medium term.
No change - everything is going according to the plan and the price looks fairly bullish for now. The key remains in the price action after (and IF) we take the 1.1458 highs. We need a strong follow through.
I'd like to see a decent daily close below the trendline and the marked levels to start building a short-position. In bigger picture, the final target is below 120.00 level.
This one is up to something as it has been building a base for quite many weeks. I'm not interested to trade this one right away but I'm waiting for the price to reach my Area of interest and then to decide what to do. It depends very much how the structure looks like on lower TF's when we get there but right now I remain neutral.
Still looking for higher values. Not interested in shorting this one. At least not yet.
USDJPY reached the target area (I changed it a bit) and basically now, I'm waiting to see if we should turn here. If indeed that happens, then a Daily close, some time next week, below 124.60 would be ideal to go short. Time will tell.
Not much to add here. Looks like a triangle and if it breaks to the upside then we should see values above 125.00. However as tomorrow is the NFP, then it is wise to wait until that risk event is behind us. Nevertheless, this one is worth tracking.
GBPAUD basically reached my upside target and now we are closing in on the main Bull/Bear line, which means that soon, things might get interesting again. If we should break to the downside then we may see a substantial drop. Time will tell.
Price action in the next couple of days will be the key in this pair. From current levels, we could continue higher but also, we may see a strong reversal. However, if price stays around current levels and slowly pushes higher, I'd say the chances are that we will continue towards the 0.82000 figure. Time will tell. Watching.
The marked area held nicely, though price took its time but nevertheless, the bounce higher came. Now we need a decent follow-through to keep this train going. Of course the ECB presser tomorrow and Greece debt problems may turn it around very quickly, so caution is needed.
Still looking lower here but the price is holding the short-term trendline very nicely which means that USD is very well bid for now. However, things can change fast and I'm watching this one closely as price is trading inside my area of interest. A Daily close back below 1.2450 might be enough to scare the bulls a bit.
Still the same channel so basically no change. I do favor the downside and I'm looking for a clear break on a daily chart.
I'd like to see a bounce from this area and ideally it should happen quite fast. Any further downside would dampen the bullish momentum. Time will tell.