EUR/USD- Looking for shorts down to 1.338/1.340 level. Price should react here and decide on direction. If we get a break we will see price test 1.330 level, and then to 1.326 level. I do look for a test of 1.308 eventually, but might not happen this week. If price holds the 1.338/1.340 level we should see a retest of the 1.3800 level highs. We have a lot of news this week and there could be violent swings in price action so trade defensively..
GPB/USD- I look for a test of the 1.5690 resistance level where I will look to short this pair. I will start to pay close attention at the 1.5600 level, but I do expect price to move higher here. News could change things so keep a close watch on price action at important support and resistance levels.
EUR/JPY- I will stay in shorts down to 122.50 and scale here and look to reload shorts at the 123.50 level with a target of 121.50. This might not all happen this week, but for simplicity I give my direction analysis.
Good trading and watch the News...... :)
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