Short'n'longs

The technical pattern on majors is ambiguous now. The market is waiting for additional drivers. The key event of the week is the summit in Jackson Hole, which will be held from 24 to 26 August. The publication of important economic reports is not planned for today. I plan to open transactions from the key levels. Potential entry points to the market may appear within a few days.
USD/JPY
Support: 108.65, 108.00
Resistance: 109.40, 110.00
I expect a correction on USD/JPY if the price fixes above the 109.40 level. The pair may move to the 110.00 round level.

EUR/USD
Support: 1.1725, 1.1675
Resistance: 1.1765, 1.1825
I’ll buy the pair if it fixes above the 1.1765 local resistance. It may move to 1.1800.
I’ll open short positions if it fixes below 1.1725. It may move to 1.1675.

USD/JPY retained the 108.70 key level and it caused a correction. The price is testing the 109.45 local resistance now. I think that the correction may continue. I’ll buy the pair if it fixes above 109.45. USD/JPY may move to 109.90-110.30. Entry points may emerge during the next several days.

GBP/USD has been consolidating in the 1.2840-1.2900 range for a quite a long time already. The price is testing the lowest limit of this range. I expect a downward trend on this pair. I’ll sell GBP/USD after the breakthrough and retest on the 1.2840 mark. The nearest goal for taking profit is the 1.2800 round level.

My yesterday's assumptions on GBP/USD were confirmed. The trading instrument may reduce further. I will sell the pair after the retest of already mirror resistance - 1.2810. It may move to 1.2750. I plan to use the trailing stop when tracking the position.

There is an interesting technical pattern on AUD/USD. Bears prevail on it since the beginning of this week. It’s consolidating now. I expect a further drop of AUD/USD quotes. I’ll sell it, if the price fixes below the 0.7885 local support. It may move to 0.7865-0.7850.

Aggressive sales were observed on EUR/USD the last Friday. The Fed chairman Janet Yellen hasn’t announced specific plans for the monetary policy at the Jackson-Hole summit. It pressured the US currency. I expect a technical correction now. I’ll sell EUR/USD if the price fixes below the 1.1915 local support. The pair may move to 1.1870.

GBP/USD has closed the morning gap and is testing the 1.2920 local resistance. It seems to me that it has the potential for further correction. I’ll buy the pair after the price fixes above the 1.2920 level. It may move to 1.2950-1.2975. I’ll use a trailing stop for this position.

The bullish sentiment prevails on NZD/USD. I’ll open transaction in the current trend direction. I’ll buy the pair after the retest of the 0.7260 mirror support. It may move to 0.7315-0.7335. I’ll use a trailing stop.

The technical pattern on USD/JPY is ambiguous now. The pair is in flat. The demand for safe currencies is at a fairly high level. At the same time, I don’t exclude a correction of the USD/JPY quotes. I plan to open transactions from the key levels.
I’ll sell it, if the price fixes below 108.40. The goal for taking profit is the 108.00 round level.
I’ll buy the pair if the price fixes above the 108.85 local resistance. The goal for its movement is 109.30.
Potential entry points into the market may appear during several days.

There were agressive sales on USD/JPY yesterday. The positive data on the consumer confidence index supported the US dollar. It seems to me that the correction on USD/JPY may continue. I plan to wait for the retest of the 109.50-109.75 level. I’ll open long positions if the price reaches this zone. The pair may move to 110.25.

I expect the correction of the USD/CAD currency pair. The price is testing the 1.2545 local resistance now. I will buy the pair, if the price fixes above this mark. It may move to the 1.2585-1.2600 offer zone. The MACD histogram indicates the buyers strength.

My yesterday's assumptions on USD/CAD were confirmed. The technical pattern is ambiguous now. Today at 12:30 (GMT), a report on Canada's GDP will be published. I plan to wait for the release and open positions from the key levels.
I’ll buy USD/CAD if the price fixes above the 1.2660 local resistance. The goal for taking profit is the 1.2700 round level.
I’ll open short positions, if the price fixes below 1.2610. The pair may move to 1.2575-1.2545.

There were aggressive sales on EUR/USD during the last trading session. I don’t exclude a technical correction. I’ll buy it, if the price fixes above the 1.1920 local resistance. The pair may move to 1.1975.

The report on the US labor market is at the center of attention today. Preliminary statistics from ADP was quite optimistic. At the same time, the US continues to publish mixed economic reports. Today's data on the labor market will have a significant impact on the further alignment of forces on majors. We should expect high volatility today. I’ll just watch the market. I’ve identified the following key levels:
EUR/USD
support: 1.1825, 1.1750, 1.1700
resistance: 1.1925, 1.2000, 1.2060

USD/JPY
support: 109.75, 109.25, 108.70
resistance: 110.25, 110.60, 110.90
I’ll be back to trading on Monday. Wish you all good profit!

Aggressive sales were observed on USD/CAD during the last trading sessions. I don’t exclude a technical correction. The currency is testing the 1.2420 local support. I’ll buy the pair if the price fixes above this mark. It may move to 1.2450-1.2485

The demand for safe currencies has grown significantly. The tension on the Korean peninsula worsened. The USD/JPY pair opened in a gap down over 70 points. The trading instrument has formed a local resistance at 109.85. I plan to sell it, if the price fixes below the 109.40 local support. USD/JPY may move to 109.00-108.90.

The demand for safe assets remains at a fairly high level due to the tense situation on the Korean peninsula. USD/JPY is testing the 109.50 local resistance now. I will sell the pair, if it fixes below the 109.35 level. The goal for taking profit is the 109.00 round level. I will use a trailing stop for tracking the position.

The UK published weak statistics on the business activity in the services sector. The bearish sentiment may dominate the GBP/USD in the nearest future. I’ll sell GBP/USD ,if it fixes below the 1.2915 local support. The pair may potentially move to 1.2875-1.2855.