Week ahead – JPY pairs, GBPCAD, EURAUD, AUDUSD

Another week ahead of us. This week will be fundamentals mainly focused on German ZEW Economic Sentiment(EU), Unemployment Claims, Existing Home Sales or New Home Sales (US) or BOC Monetary Policy Report and Canadian CORE CPI, etc. According to the fundamentals I am expecting these currencies to move the most: CAD, GBP and USD. Here is a list of most significant news coming out for each particular currency:

Looking at the technical picture I am focusing mainly on GBPCAD due to very nice round bottom with few the technical points showing upward direction. I will be also watching CADJPY and GBPJPY pairs for their nice triple top formations and possibility to go south for even bigger retrace(as you may know JPY pairs were losing a lot in the last few weeks). I still believe that AUDUSD has a room for moving south toward 0,9170. My pending order is still in place from last week so I will be watching the level of 0.9220 closely.

Lastly I am interested in the north move towards 1,47 on EURAUD. There is a big possibility that the pair will open higher. If it does I am going to fade the gap and then buy in around 1,4615. Tomorrow I am expecting to trade during afternoon session so if I put any trade I would post results tomorrow. For today I am ready to look for any GAP opportunities and if there are any I will post my strategy as soon as I have clear view. Until that time have a great evening.