Downtrend, with a reversal pattern on Daily Chart.
Counter Trend:
Long 8839, SL 8809, TG 8950 (must close by EOD)
Follow Trend (short upon retracement):
Short 9050, SL 9080, TG 8960.
Current support 0.8775
2 weeks support 0.8600
EUR/USD
Uptrend, with a reversal pattern on Daily Chart.
Counter Trend:
Short 1.4585 (initial shadow), SL 1.4615 (if risk appetite is Big, SL at Thursday high 1.4647),
TG 1.4430 - 1.4400 (close by EOD).
Follow Trend (Long upon retracement, short term position as I'm expecting a double top)
Long 1.4260, SL 1.4230, TG 1.4400, TG2: 1.4600.
GBP/USD
I am not comfortable with the trading range and the chart pattern, stay out.
USD/JPY
Trading near a major support of 81.00.
Are we expecting some intervention?
Monday is going to be another quiet day...
Very interesting analysis. Let's wait and see what pends out :o)
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