Eurusd/gbpusd - page 1450
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3604,3619 was signal buy------
stop out 3630 tp1 26p, tp2 11p, later week no.
() 3619,was signal sell----
gbpusd
The pair showed a strong movement in both directions during the holiday week, but closed the week at around 1.6417, with a small loss.
The pair is in the cloud, the market has not made its mind whether to continue or not a decrease. The price is at 1.6410. If the pair continues falling it will go to 1.6313. If the falling is canceled, GBP/USD will grow towards 65 figures.
Eurusd
Since the beginning of the week, the dollar/yen trade is being traded within the downward channel boundaries. During Monday pair hit 103.95, which is a three-week low. But soon the pair again resumed a growth that was supported by Janet Yellen's statements, a new Federal Reserve chairman.
The upper limit of the corridor will limit the growth in the near future. Quotes can grow to the level 104.67, and then the pair can correct to 104.14 and 103.83 marks.
It is advisable to open short positions with taking-profit at 103.85.
It is forming : a change in trend seems to be confirmed. New year is bringing something new
It certainly starts to look like a bearish trend now. Finally a change in the illogical bullish trend there was
People are pricing in FOMC minutes
Rates decision day for Euro and Pound. No trading day - worse than NFP in some cases. I am waiting till all have passed
Now it all depends on Draghi. Knowing what he is usually saying it will be a little bit of this a little bit of that and in the end he will tell nothing significant. No change in trend
He is repeating the same old story that we heard so many times. This price change has nothing to do with what he is saying. Traders were looking for signs of some additional action and it is obvious that ECB is on the same track and that they hate changes
And here we go : the result of all is a straight 0. It is where it opened today. If somebody expected action from ECB he was dead wrong