Forex analysis

Hello traders,

nice profits yesterday :) , if You are still holding positions, You can take some profits or put sl on b/e.

Important today:
GBP - jobless
EUR - cpi
USD - ppi and beige book later today


EUR-USD - found support near 1,2920, some talk emerging of 'interesting/clever' buyers placed just below $1.2920. Offers back to 1,2940. Stand aside at this moment or holding shorts from yesterday ( i took profit ), wait for US data.

USD-CAD - overbought on 1h chart, be carefull, some pullback possible, support starts 1,1690-1700 next 1,1640-50 - i took profit from my long from yesterday and waiting for 1,1700-20 to re-build this long position.

USD-JPY - 121,00 then 121,40, current 120,55. Fall back below 120,60 could suggest deeper pullback twds 120,00-20, important while 119,80 holds look to buy on dip for move twds 121,00

GBP-USD - important level 1,9700-05, above this level 2,01 target very possible. Combination of US and GBP data should give us answer where we are going.
Startegy: put entry stop buy order at 1,9715-25, bigger sl 120-150 pips for move twds 2,0100-50

USD-CHF - still 1,2500-05 resistance, move above this level should open the way twds 1,2550-60, while below this level we could see fall twds 1,2440 then 1,2410. Wait for US data.

GBP-JPY - looks very strong while above 236,30-40, if and when gbp-usd break 1,9705 propably very profitable will be long here...

good luck
Piotr