Short'n'longs

USD/JPY
Support: 114.55, 113.85
Resistance: 115.25, 115.85
If the price fixes above 115.25, I will buy USD/JPY to 115.85.
If the price fixes below 114.55, I will sell it to around 113.85.

The technical pattern on GBP/USD is mixed now. Indicators don’t show any precise signals. The price is between 50 mA and 200 mA. The MACD histogram started to decline and moved into the negative zone. I identified the following key levels:
support: 1.2530; 1.2420
resistance: 1.2595; 1.2655

If the price fixes above the 1.2595 level, I will buy GBP/USD. Potential movement - to 1.2655.

If the price fixes below 1.2530, I’ll sell it. Potential movement - to 1.2420.

The USD/JPY currency pair is testing the 114.900 local resistance level at the moment. I’m going to sell it if the price fixes below 114.60. The nearest goal for taking profit is 113.85.

My expectations regarding USD/JPY have confirmed. The yen continued to strengthen against the US currency. Trump’s immigration policy supports safe assets. I expect further growth in demand for the yen. I will sell USD/JPY, if the price fixes below 113.30. Potential movement - to 112.60. The transaction may last for a few days.

The aggressive buying was observed on the NZD/USD pair yesterday. The currency has formed the 0.7295 local resistance level. I plan to look for entry points for opening long positions. I am waiting for the breakout and retest of the 0.7295 mark. The potential for movement - to the nearest round number 0.7350.

The US dollar weakened against the "majors" yesterday. The first Fed meeting of the year will be held today. Experts assume that the rate will remain unchanged. There hardly will be strong trending movements before the decision of the US Central Bank. I highlighted the key levels for opening short-term speculative positions. Let’s do some scalping today

EUR/USD
Support: 1.0775, 1.0735
Resistance: 1.0810, 1.0850

USD/JPY
Support: 113.15, 112.60
Resistance: 113.85, 114.40

Trump criticizes the strong dollar. How soon will the US Federal Reserve increase the rate? Or should we expect another vector of events development?

Wish you all good profits!

Yesterday's Federal Reserve meeting pressed the US currency. The central bank left its monetary policy unchanged. The regulator pointed to a gradual tightening of the monetary policy.
USD/CAD
The technical pattern on USD/CAD indicates the development of a downward trend. I plan to sell after the breakout and retest of the 1.2980 mark. Potential movement - to 1.2950-1.2925. The transaction will be short-term speculative.

GBP/USD

The important statistics on the UK economy will be published today. The Bank of England will make a decision on the key interest rate. I won’t open transactions on GBP/USD before the Central Bank meeting. I identified the following key levels and will watch how the price reacts to them.

Support: 1.2655, 1.2570
Resistance: 1.2725, 1.2770

The US dollar weakened against other major currencies on Friday, February 03. This happened due to the release of controversial statistics on the labor market.
EUR/USD
I’m going long today. The price kept the 1.0735 key support level. I’ll buy EUR/USD in case of breakout and retest the 1.0765 local resistance. Potential movement - to 1.0810.

The pound weakened significantly against the US dollar on Thursday, February 02. GBP/USD is trading near the 1.2420-1.2470 key demand zone. I think that the correction is possible in the near future. I will monitor this instrument closely. I will buy if the price exceeds the 1.2530 level. Potential movement - to 1.2625.

The RBA kept its monetary policy unchanged today. The regulator also noted the growth of China's economy, which is a key partner for Australia. I saw an increase in demand for the Australian dollar during the Asian session. Sales dominate on the market currently. The currency has broke the 0.7635 support level. I plan to open deals towards the current trend. I’m going to sell AUD/USD after the retest of the 0.7635 "mirror" the resistance level. Potential movement - to 0.7590.

The euro weakened significantly against the US dollar today. I haven’t got any trading ideas currently. I’ve identified the following key levels:
Support: 1.0665, 1.0625
Resistance: 1.0725, 1.0765
So, I’ll watch how the price reacts to them. Maybe I’ll open short-time speculative orders from these levels with the reduced risk.
Wish you all good profit!

There was a fairly sharp rise of the USD/CAD currency pair this week. The technical pattern is mixed at the moment. The currency has reached the 1.3210 key resistance level. The nearest support level is 1.3150. I will open positions after the breakout and retest of these levels.

If the price fixes above the 1.3210 level, I will buy USD/CAD. Potential movement - to 1.3280.

If the price fixes below 1.3150, I’ll sell it. Potential movement - to 1.3075.

The euro continues to fall against the US dollar today. I plan to open a deal towards the current trend. I’m going to sell EUR/USD after the price fixes below 1.0640. Potential movement - to 1.0590. I recommend to use trailing stop to accompany this position.

Buyers showed their strength on GBP/USD during the last trading session. The nearest resistance level is 1.2540 now. I plan to open positions in the direction of the current trend. I’d buy GBP/USD after the price exceeds the 1.2540 level. Potential movement - to 1.2625.

EUR/USD kept the 1.0640 key support level yesterday. It triggered the aggressive buying in the afternoon. I plan to look for the entry points for opening long positions. I’m going to buy EUR/USD in case of the breakout and retest of the 1.0700 round price level. The next target for taking profit is 1.0740.

The yen has weakened against the US dollar yesterday. This happened due to the promises of Donald Trump to make a "phenomenal" tax reform in the nearest future. I plan to open transactions towards the current trend today. I’ll buy USD/JPY after the price fixes above 113.85. Potential movement - to 114.40.

An interesting technical pattern has developed on USD/CAD. The currency is testing the 1.3150 resistance level at the moment. I’m going to buy this pair after the breakout and retest of this level. The next target for taking profit is 1.3210.

A mixed technical pattern has formed on USD/JPY at the moment. I highlighted the key levels: support 113.15; resistance 113.85. Signals of the indicators are different. 50 MA is above 200 MA. The MACD histogram has started to decline. I’ll open positions after the breakout and retest of these levels.

I’ll buy USD/JPY after the price fixes above 113.85. Potential movement - to 114.40.

I’ll sell it if the price fixes below 113.15. Potential movement - to 112.60.