Short'n'longs

I’m going short on GBPUSD too. I highlighted 1.2515 local support level. I’ll sell GBPUSD after the price fixes below this mark. Potential movement - to 1.2450.
P.S. The US dollar has strengthened. What do you think on when we can expect a technical correction?

The pound weakened significantly against the US dollar yesterday. There may be a correction on GBP/USD now. At the same time, the US dollar continues to make strong pressure. I’ll trade from key level. I highlighted:
support - 1.2385
resistance 1.2450

If the price consolidates above the 1.2385 level, I will buy GBP/USD to the local resistance (1.2515).

In case of breakthrough and retest of the 1.2450 support, I’ll sell it to the 1.2350 mark.

The Canadian dollar hit a strong resistance level (1.3400). The currency managed to maintain this level. I expect corrective movement on USD/CAD. I’ll look for an entry point to a short after the breakthrough and retest of the 1.3320 mark. Potential movement - to 1.3280.

EUR/USD is sold aggressively at the moment. I’m going to trade in the the current trend direction. I will look for an entry point to a short after breakthrough and retest of the local support level (1.0370). Potential movement - to 1.0325.

The Australian dollar significantly weakened against the US dollar (more than 250 items) over the past week. I will go short on AUD/USD. Currently the price has overcome the local support (0.7240). If the price makes retest of this level, I’ll sell. Potential movement - to 0.7200.

GBP/USD kept the 1.2345 support level yesterday. I expect the correction in this currency pair. I would buy after the breakthrough and retest of the local resistance (1.2385). Potential movement - to 1.2425.

The correction is also expected in USD/JPY. I plan to open short positions after the breakthrough and fixing of prices below 117.45. Potential movement - to 116.95.

Will there be the correction to 115.00 in USD/JPY, what do you think?

Sales of AUD/USD still continue. I plan to look for entry points in the current trend’s direction. I’ll sell after the breakthrough and retest the local support level (0.7225). Potential movement - to 0.7180.

The technical picture on EUR/USD is mixed for me at the moment. I identified the following local levels:
support - 1.0420
resistance - 1.0450

If the price consolidates below this support, I’ll sell to the 1.0370 mark.

I’ll buy to 1.0490 in case of the breakthrough and retest of the local resistance level (1.0450).

The pound has overcome the 1.2270 strong support. I’ll sell GBP/USD after the breakthrough and retest the 1.2270 mark. Potential movement - to 1.2225.
The demand for the US dollar is supported by the optimistic data on GDP.

Aggressive buying was observed on USD/CAD yesterday. My favorite Price Action pattern, “Internal bar”, has formed on the H1 chart currently.. I plan to buy USD/CAD after the breakthrough and retest the 1.3500 mark. Potential movement - to 1.3550.

i think usdcad will touch 1.36 then it will down to 1.32000

Trading activity and volatility on the financial markets is expected to decrease today. This happens due to the Christmas holidays. I won’t open transactions today. I plan to watch the market and come back to trading tomorrow.

I identified the following levels on EUR/USD:
support - 1.0420, 1.0370
resistance - 1.0465, 1.0500

It seems to me that an interesting technical picture developed on EUR/USD. Will the quotes reach the 1.0500 mark, how do you think?

I think that everything will depend on further Trump’s actions in the New Year. I think we'll see USD/CAD at the 1.3800 level. It seems to me that if USD/CAD won’t fix above the 1.3600 level, the nearest correction will be at 1.3300

The yen is under pressure due to weak inflation data. I’m thinking of buying USD/JPY today. I plan to open long positions after the breakout and retest the 117.35 level. Potential movement - to 117.75.

The technical picture on NZD/USD is ambiguous for me at the moment. I identified the following key levels:
support - 0.6880
resistance - 0.6910

1. If the price fixes above 0.6910, I’ll open long positions. Potential movement - to 0.6940.
2. If it consolidates below 0.6880, I’ll open short positions. Potential movement - to 0.6850.

Aggressive buying was observed on USD/CAD yesterday. The currency broke the 1.3550 resistance level and fixed above it. I plan to look for the entry points in the current trend’s direction. I’ll buy USD/CAD after the breakout and retest of the 1.3580 mark. Potential movement - to 1.3625.

I look for shorts on GBP/USD today. The currency overcame the 1.2230 local support level. I will sell after the retest of this level. Potential movement - to 1.2175. I plan to accompany this position with a trailing stop.

Aggressive selling was observed on EUR/USD yesterday. At the moment, the currency has reached 61.8-78.6% of the correctional area. The BEOVB pattern, which often acts as a reversal formation, has formed on the H1 chart. I will sell EUR/USD after the breakout and retest of the 1.0440 mark. Potential movement - to 1.0400.

An interesting technical picture formed on USDJPY. Yen broke and was fixed below the 116.50 resistance level. The US dollar is under pressure due to weak statistics on the real estate market and a decrease in government bond yields. I’ll sell after the retest of the 116.50 level. Potential movement - to 115.95.