All the 3 pairs have broke above their 400 EMA which is a strong level of resistance.
If you are a member of my forex video signal, you will have entered a BUY trade on the GBPJPY yesterday as it has triggered our entry as what I have told you in my video.
For those of you who are in my trade copier, you will have the trade automatically open on your account already.
Below is the video of the trade
For the 3 pairs, the uptrend have not been established yet and therefore please do not rush to enter a BUY trade for them yet.
There are still more chance of it going down for the EURUSD and GBPUSD than going up.
My EURUSD Analysis
For the EURUSD, you have to take note of this level 1.19188 which is a strong level of past resistance which has now turned into support.
If the price moved back later today, it will most probably hit this line together with the 100 and 200 EMA which will formed a very very strong support.
If it manages to break below the support, what you should do is to wait for it to come back to retest the 1.19188 level successfully before you enter a SELL trade.
There is also a BUY opportunity for the EURUSD as well and I have posted a video signal for my forex video signal members. If you are a members of my forex video signal, please go to the members area to view the video.
For the GBPJPY, it has moved up by too much and I do not advice you guys to enter a BUY trade now.
For those of you who are interested to join my forex video signal or forex trade copier, you can take a look at the link below for the promotion details