GBPUSD is in consolidation for few days. Yesterday fundamental news didn't put price in a new trend. Look for a long position under or above zone 1.6072-1.6175 levels. Also 1.5989-94 level is a good place to open long trade because of visible reaction in the past. On the other hand look for short only after signifcant break out of 1.5994 level (on retracement).
EURUSD moved another step up and now is expected to consolidate between 1.3530 – 1.3564 (Fibo 50%). Open longs in 1.3520-30 zone. On the other hand take short on retracement to the same level after meaningful break to the downside. Further updates as situation develops. Keep in mind that today @ 6pm GMT we have FOMC Minutes. For that event watch for break out of 1.3580 towards 1.3650, or 1.3500 towards 1.3300.
Wainting for GBPUSD to get of zone that is in since three days (1.6148-1.6059). Look for short position a couple pips above that zone and long position under it. New setups expected after fundamental informations.
EURUSD is still around 1.3500. Key levels to watch are 1.3500, 1.3550 and 1.3450. At 1.3550-60 zone 50% retracement of recent move down (1.3830-1.3290) is located that coinsides with top of channel (bearish flag). 1.3450 coinsides with bottom of this channel. Breaking 1.3500 to the downside will be important and might be the first sign of EURUSD weakness that starts another move down towards 1.3300 and 1.3000.
GBPUSD is in a zone between 1.6093-1.6149. Look for long position couple pips under that zone or for short above it. Only meaningful break out from that area will be a sign to look for new setups. Short position from retracement to 1.6093 level and long position from retracement to 1.6149 level. Further updates at mentioned levels.
This week started already interesting as EURUSD is fighting 1.3500 level (38.2% retracement) where short positions are adviced (1.3500-1.35010). If 1.3500 is defeated look for longs at the same level towards 1.3550-60.
