EURUSD:- Stops should have been moved to break even since Sunday/ Mondays entry points. Price has twice rejected 1.17500 with yesterdays candlestick reacting very bullish from this area. If the price was to reverse form this level and go to the upside we would be revisiting the previous highs and then going on to 1.19250.
GBPAUD:- Price has slowed down and stalled around the key level of 1.6800 as to be expected from past price formation. If this level can be breached targets would be achieved at 1.6750. However, we should be prepared to see price now react from this level with retail sales being released at 09:30 am this morning.
GBPJPY:- This pair has the potential to completely reverse from its bearish bias with Wednesday candlestick engulfing the previous 6 days of price actions with a 115+ pip candle stick closure to the upside. This bullish reversal may, in fact, lead price back towards the critical zone of resistance at 150.000. However, 149.000 region has caused difficulty previously and may cause an area of resistance.