EURUSD: Same as yesterday guys! The bias favours short for as long as the pair trades below monthly resistance 1.2400. After a bearish weekly closure displaying a 4th rejection from the 1.2400 level, it is now time for EUR/USD to decline. USD index is breaking back above 90.00 and the EUR is about to start drifting towards 1.2150 support. A mini pullback may be expected before the bearish leg starts to unfold. The chart displays my target zone and bearish bias.
GBPAUD: Huge surprise delivered by GBP/AUD as multiple levels of resistance are broken. 1.8250 has been met after the monthly giving way. Can we push higher? If so, then 1.8500 is definitely a potential. I am remaining on the sidelines with this pair as my focus is Euro driven this week.
GBPJPY: A huge surge from GBP/JPY yesterday wiped out stops from the prior 8 days of price action in one trading session. The bullish explosion sent the price flying from weekly support 147.50 and now I anticipate a full breakout of the 150.00 level and beyond. Alternatively, 149.50 may hold as a strong selloff zone & will become clear over the next few days.