Market overview on 12.04.2018

Hello. Below are a few recommendations for trading in the Forex market on 12.04.2018


On EURJPY formed the pattern inside bar. Likely to move downwards, inside the mother candle, the correction after the breakout of the level 131,79. It seems that we will deploy the trend is up. Consider purchase here.


On GBPJPY the situation is similar and the pattern inside bar. The likely downward movement in the correction to the area of 150,50 and trend line. After the correction waiting for the signals to buy.

Open orders big banks

Briefly about changes in open orders banks:

Bofa Merrill Lynch closed the deal on the GBP/USD(+200пп).
Several banks have changed the already open trades.
For a schematic visualization shows that banks agree in opinion on the direction for many couples. You should pay attention to the direction of transactions and to take this into account when trading.

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