Sep 2nd 2007

GBPUSD

Chances of this pair ranging in between this region is quite high. I’ll short at 2.0078 or long at 2.0235.

GBPJPY

Its more bias to be shorted than to long at the moment with the MACD probable reversal on H4 to the down side. Note where the 200EMA/SMA lines are.

EURUSD

Looking very good for a short. The support is near to where it is now and should break. Notice MACD is reversing to the bottom on H4 charts. I’ll be shorting at 1.3619 to target around 1.3553 zone.

USDJPY

Wait out for more signals.

EURJPY

Bias to short. Notice the MACD might be reversing to the down side with the candle drifting away from the magical 200 lines.

AUDUSD

Sets more of a bullish than its counterpart. The shorter time zone charts (30M, 1Hr) is showing a trend of reversal for the MACD towards the buy side whilst the longer frames are still battling on which sides to take. Magical 200 lines is on the top for the longer duration charts whilst the candles are already touching them. Long at around 0.8239 will be relatively good (break out).

EURAUD

Shorting this pair will be good. We see its closer to the trendline below, with most duration charts breaking their MACDs towards the downside. We probably could see a pretty decent dip here.

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