GBPUSD. We note promising shopping areas.
Daily chart: Pound continues to prepare for a strong upward impulse movement in the direction of 1.3232 (upper Bollinger band). Tonight’s news drivers may well contribute to this.
GBP/USD: Upward movement continues
Four-hour chart of GBP/USD. The currency pair continues to move upwards, relying on the line of the four-hour super trend. But now the price is very close to the four-hour super trend line, so most likely after updating the local maximum we will see the formation of a rollback movement with a breakthrough of the four-hour super trend line.
EURUSD. We’re waiting for the impulse to go up on the NFP!
Daily chart: euro keeps upside potential towards upper Bollinger band (1.1219). But with today’s NFPs coming out, the targets could be much more daring, somewhere in the 1.1300 zone.
EUR/USD: waiting for local maximum update
Four-hour chart of EUR/USD. After the correction to the four-hour super trend line, the currency pair resumed upward movement. Now the price is back to a reversal level of 1.1169 (7/8) and we expect a break-down.
EUR/USD. Correction decrease.
The price managed to reach a local maximum, but so far the feats of the buyers have ended. Basically, these prices are expected to resume the decline due to the development of the corrective wave ii.