Shorts-and-longs by Alexander Kul

[alextrader79]

The bullish sentiment prevails on GBP/USD at the moment. The price overcame the 1.3215 key resistance level. Recently, an optimistic report on the inflation in the UK was published. I plan to wait for the retest of 1.3215-1.3225. If the price reaches this zone, I will buy GBP/USD. The p

air may move to 1.3260-1.3275.

 

[alextrader79]

My yesterdays expectations on GBP/USD confirmed. I don’t exclude a technical correction now. My fav reversal formation, the divergence of price and MACD histogram, has formed here. I’ll sell the pair, if the price fixes below the 1.3270 local support. The pair may move to 1.3240-1.3215.

 

[alextrader79]

The EUR/USD pair is consolidating now. I expect a downward trend and I’ll sell, if the price fixes below the 1.1975 local support. The pair may move to 1.1950-1.1930. I’ll use a trailing stop for this position. And the deal will be short-term and speculative.

 

[alextrader79]

My yesterday's expectations on EUR/USD were confirmed. It seems to me that the trading instrument will continue to decline. The report on the US inflation will be released today at 12:30 (GMT). I plan to wait for the retest of the 1.1930 mirror resistance. I’ll sell EUR/USD, if the price reaches this mark. The pair may move to 1.1870-1.1835. The entry points to the market may appear during several days.

 

[alextrader79]

USD/JPY is consolidating now. I expect a technical correction after a significant increase since the beginning of this week. I’ll sell this pair, if the price fixes below 11035. It may move to the 110.00 round level.

 

[alextrader79]

USD/JPY retained the 100.00 round level during the Asian trading session. It triggered a bullish sentiment. The price is testing the 110.75 key resistance level now. I think that the quotes have the potential for the further growth. I’ll buy USD/JPY after the breakthrough and retest of 110.75. It may move to 111.00-111.25.

 

[alextrader79]

The ‘head and shoulders’ figure has appeared on USD/CHF. I’ll sell the pair, if it fixes below the 0.9610 mirror support. It may move to 0.9550.

 

[alextrader79]

Aggressive purchases were observed on GBP/USD last week. The pound has reached the 1.3600 round level. The Bank of England may raise the issue of reducing the economy stimulation program in the near future. GBP/USD is consolidating now. I don’t exclude a technical correction. I’ll sell the pair, if the price fixes below the 1.3525 local support. The closest goal for taking profit is the 1.3475 mark.

 

[alextrader79]

The current technical pattern indicates a possible correction on USD/JPY. The price is testing the 111.30 local resistance now. I plan to sell it, if the price fixes below 111.10. The closest target for taking profit is the 110.75 support level.

 

[alextrader79]

My yesterday's expectation for GBP/USD were confirmed. I expect a strong corrective movement on this asset. The price is testing the 1.3475 local support at the moment. I’ll sell the pair, if the price fixes below this mark. The goal of its movement is the 1.3400 round level.