#GBPUSD morning setup

During yesterday’s session after positive PMI from USA we could see how GBPUSD defended 1.6023 level. Currency pair is about to move up and because of that we will be looking for long position first at 1.6055-60 level and secondary at 1.6020-25.

#EURUSD downside pressure - 1.3450 again?

At 1.3450 we saw more supply showing on the market and defending September lows. Corrective move t0 1.3524 was weak and right now we are looking at second attempt to break lower. We will open short trade @ 1.3478-82 with SL 12-14 pips and TP 25 pips

#GBPUSD Long opportunities

After positive PMI news GBPUSA went up very fast towards stronger 1.6080 level. In this situation we don't look for short positions any more. Best level to join the up trend we can see at 1.6023-28 or 1.6075-80 (only on retracement).

#GBPUSD looking for shorts

Yesterday GBPUSD wasn't strong enough to get to levels we expected. Today we are still waiting for currency pair to get to 1.6023-28 or 1.6075-80 levels as good places to join the down trend and check again 1.5900 level. On the other side if GBPUSD drops down we are looking for a long position at 1.58950-1.5900 level. If currency breaks 1.6075-80 we will look for a long position on retracement.

#EURUSD fighting 1.3450-70

EURUSD had a spectacular drop of nearly 400 pips last week. While fighting strong supply zone @ 1.3450-70 we expect correction before heading further down (if zone defeated). Shorts below 1.3475 on a meaningful break and retracement to the long term (H4) trend line. We are at the point to add or open new swing trades here. On short term basis we are looking to open long above 1.3500 (BO to 1.3520 – RET to 1.3499 – Long @ 1.3499-1.3505 – SL 15 pips – TP 20-25 pips) towards 1.3560-80 zone where is first good place to look for shorts in anticipation of attacing 1.3450-70 again. More updates as market progresses further.

#GBPUS Monday morning

After GBPUSD dropped down from 1.6256 we expect to it correct a bit. Looking for short positions at 1.6000-05 or 1.6075-80 levels. On the other side we've got very strong level at 1.5893 and we'll be looking for a long position there while GBPUSD is defending it

All Saints Day in UE

Because of Holiday in most of Europe will are taking this Friday off. 

Besides, EURUSD still drifting lower, and until it pauses it is really hard to trade on short (too big of a move in a short period of time), long side (first we need to see consolidation – break/stop in falling down).

When it comes to GBPUSD, because of lack of movement yesterday’s trade entries are still valid.