Short'n'longs

The yen significantly grown in the price (over 125 pips) during the Asian session. I’ll look for an entry point into the market for opening short positions. I will sell after overcoming and fixing of prices below 111.65. Potential movement - to 111.10

I expect the correction on USD/JPY. The currency is trading near the 112.80 resistance level at the moment. I’ll sell USD/JPY in case if the price will keep this level and there will be formed some additional confirmations on the lower timeframes. Potential movement - to 112.15.

Technical picture on the USD/CAD currency pair indicates the development of a downward trend. I plan to sell after the breakthrough and retest of the 1.3420 support level. Potential movement - to 1.3395.

EUR/USD kept the 1.0565-1.0575 demand zone yesterday. Euro has got stronger by more than 40 pips during today's Asian session. If the price consolidates above the 1.0630 resistance level, I will buy EUR/USD. Potential movement - to 1.0665.

Aggressive selling was observed on AUD/USD yesterday. I will look for entry points into short positions today. I am going to sell in case of breakthrough and local retest of the 0.7400 support level. Potential movement - to 0.7365.

The most important data on the US economy, a report on the labor market will be released at 15.30 today (GMT + 2: 00). I do not usually open transactions during such events. So, I’m going just to watch the market. I indicate the key support/resistance levels and see how the currency pairs react to them. So, trading work will wait on Monday. Wish you all profits, dear friends!

EUR/USD
support - 1.0645
resistance - 1.0680

USD/JPY
support - 113.90, 113.20
resistance - 114.70

We can see the correction on GBP/USD. I’m going to look for entry points for opening long positions. An optimistic data on business activity in the country supports the pound. I would buy GBP/USD after the breakthrough and retest of the 1.2735 resistance level. Potential movement - to 1.2775.

The main currency pairs opened with a gap today. I’d buy NZD/USD towards the gap closing. I’ll look for the point of entry into the market after the breakthrough and retest of the 0.7110 level. Potential movement - to 0.7145.

AUD/USD is currently trading near a "mirror" support level (0.7440). I would buy after the breakthrough and retest of the 0.7460 mark. Potential movement - to 0.7490.

Aggressive buying was observed on EUR/USD yesterday. The currency has significantly grown. I plan open positions to the side of the current ascending trend on the H1 time frame. I would buy EUR/USD after overcoming the local resistance level (1.0785).

If the price will adjust to the 1.0665-1.0685 demand zone, I’ll also look for entry points for opening long positions

The Aussie fell because of weak data on GDP during the Asian session. I plan to open a deal towards the current market trend (H1 time frame). I will sell after the breakthrough and retest of the 0.7420 support level. Potential movement - to 0.7390.

I’m going to sell USD/CAD today. An entry point into the market should be looked for after the breakthrough and price fixing below 1.3275. Potential movement - to 1.3225.

GBP/USD restrained the 1.2560-1.2585 demand zone yesterday. Pound played most of the losses. I would buy after the breakthrough and retest of the1.2660 local resistance level. Potential movement - to 1.2735. The potential profit will be fixed by parts.

The ECB meeting will be held today. I won’t open any positions before some decision on the interest rate of the Central Bank will be made. For myself, I highlighted the key levels on EUR/USD:
support - 1.0735, 1.0710
resistance - 1.0785

I’ll watch how the price reacts to them.

After yesterday's meeting of the ECB the Euro weakened against the US dollar significantly (more than 150 pips). I plan to open positions in the direction of the current trend at the moment (H1 time frame). I will sell after the breakthrough and retest of the local support level (1.0590). Potential movement - to 1.0540.

The Canadian dollar continued to strengthen. I will look for entry points for opening short positions today. If the price will overcome and fix below 1.3185, I will sell. Potential movement - to 1.3150-1.3225

The demand for the pound has grown significantly due to optimistic data on the consumer price index. In November, the figure has increased to 1.2%. I would buy GBP/USD after the breakthrough and retest of the 1.2720 level. Potential movement - to 1.2750.

I expect a correction USD/JPY in the currency pair within a few days. Entry points into the market will be looked at younger timeframes, after the breakthrough and retest of the local support levels. Potential movement - to 114.85.

There will be a long-awaited meeting of the US Federal Reserve. At 21.00 (GMT + 2: 00) some decision on key interest rate will be announced. Currently 91% of the market players believe that the US central bank will raise rates. I usually don’t open any transaction during such days. Just watch the market. I defined key support/resistance levels for myself, but trading will be continued only tomorrow. I wish you all good trades!
EUR/USD
support - 1.0605, 1.0540
resistance - 1.0650, 1.0710
USD/JPY
support - 114.85, 114.40
resistance - 115.45, 116.00

The US Federal Reserve raised its key interest rate to 0.50-0.75% yesterday. The regulator intends to raise rates x3 times during 2017. Demand for the dollar has grown considerably.

I plan to look for entry points in the current trend direction on EURUSD. I will sell after the breakthrough and retest of the local support level (1.0470). Potential movement - to 1.0425.