Slow Mondays

Hi everybody, hope you’re fine. Mondays are not my favorite trading day, worse if we have no news, that could put some more action to market. Majors (except by GBP) are moving in quite small ranges since the Asian session opening, and seems there will be no much acceleration in the next hours.

The Eur/Usd, looks slightly bullish in 4 hours charts, despite the sideways of the last candles; it has a first support zone around 1.5681, that should break trough to continue first to 1.5650 and then last Friday’s minimum at 1.5627. Above today’s maximum at 1.5724, the pair could continue to the zone between 1.5750/60.

The GBP/Usd is easing again, but just bounced on the key level around 1.9835, and that will be a key zone for the pair: a confirmation under this congestion zone, also coincident with a daily ascendant trend line, could trigger the pair quickly to the downside, with it’s next support at 1.9797 and finally 1.9749. Resistances today will be at 1.9890, followed by the zone around 2.0005, a short term descendant trend line in bigger charts.

Despite the long term clear ascendant trend, the Usd/Jpy remains capped by 108.00, that keeps the upside limited for now: a confirmation above this point, will send the pair to the zone around 108.30, and then 108.59 year’s maximum that won’t be an easy point to break at least in a first attempt. To the downside, first support will be around 107.55, followed by the zone around 107.10/20.

Categories

Advertisers

Latest Posts