Mid-term review of exchange rates on 8.05.2018

Hello. Below are a few recommendations for trading in the Forex market on 8.05.2018

GBPUSD

On GBPUSD continue to move below the level of 1,3600 and formed pattern Inner bar. According to the statistics of transactions shows that the majority buys and is set to increase. I think that you should wait for the continuation of the fall trend. I think that’s a sales order 1,33000.

USDJPY

On USDJPY a pattern Doji based on the trend line in the area of 109,000. Likely will resume growth next trend after the correction. Consider purchase here.

GBPJPY

On GBPJPY pair formed a pattern Doji at the level of 148,000. Maybe a small correction to the area of the trendline to 149,00-149,500. Waiting for signals to sales with the expectation of further decline and the development of the down trend.

Open orders big banks

Leave a Reply