Overview of trading ideas in major currency pairs on 4.05.2020

Hello. Below are a few recommendations for trading in the Forex market on 4.05.2020


On GBPUSD failed to update the latest highs on the 1,2600 and bounced formed a pattern of Internal bar. It seems that will resume in the fall district 1,2300-1,2200 and will continue to move sideways. I think that’s a sales course of is and evident purpose.


On the pair USDJPY formed a pattern of Internal bar at the level of 107.00. Maybe it’s the end of correction after breakdown of the level and expect the fall in the area of 105.00. Consider there sales.


On the GBPJPY failed to move above the level of 135,38 and bounced formed a pattern of Internal bar. Probably will continue moving sideways, and will continue to fall in the area of 132.00. Transactions here do not consider, I will monitor the situation and exit from the outset.


on EURJPY price formed a pattern Doji above the level 117,04. Level is quite strong and seems to be able to gain a foothold above. Perhaps we are to continue the growth to 118,66. I’ll try to come here to purchase, even though they are against the trend.

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