All the 3 pairs has touched the 200 EMA as what I have told you in my previous post.
With this, we will start to look for trading opportunity to enter a trade on these 3 pairs
My GBPJPY Analysis
For the GBPJPY, it has hit the 400 EMA which is a very strong resistance level. There is a BUY and also a SELL opportunity for the GBPJPY. In this post, I will only be talking about the SELL opportunity. For those of you who are in my forex video signal, I have uploaded a video signal to show you how to trade the BUY opportunity as well.
In the video, you will see the exact BUY and SELL entry as well as the place to place your stop loss and target profit.
For the GBPJPY SELL opportunity, I will suggest that you wait for the price to break below the major support with a valid breakout to enter a SELL trade.
My GBPUSD Analysis
The GBPUSD has hit the 400 EMA as well and has been repelled by it.
For this pair, you should also wait for the price to break the major support before enter a SELL trade
My EURUSD Analysis
For the EURUSD, it has only hit the 200 EMA which is also enough for a retracement.
Therefore we should also wait for the price to break below the major support before we enter the SELL trade.
For the 3 pairs, if the price continues to push upward, I will then write you another post.
If you are interested to join my forex video signal and trade copier service, you can take a look at the link below