I have done some analysis on the EURUSD, GBPUSD and GBPJPY and I hope that this analysis is useful for your trading today
Analysis For EURUSD
For the EURUSD, it has hit a major support at 1.02409. In fact the price has test this level on the 12th August and is repelled by it.
At the moment, I will wait to see if the price manage to break below that level or it will be repelled by it.
From what I see, I will say that there is a higher chance for the price to be repelled by the level.
If you are looking for a short term trade, you can enter a LONG trade. For user of my trade copier service, I have entered a BUY trade on the GBPUSD and EURUSD at the time of writing this post.
Analysis For GBPUSD
For the GBPUSD, it has also hit a major support level at 1.21143. In fact, it has broke below it and then move above it again now.
I will look to enter LONG for this pair and will take profits at 30 pips.
If you are interested to join my trade copier service, you can do so via the link below
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