Upcoming fx week

After a short pause I am partially back to full time trading. Tonight I am expecting to trade gaps if there are any. Last week might have surprised some people on Thursday specifically could surprise all people who traded YEN pairs since daily candles created move of approximately 800pips on all possible pairs and were followed by the partial corrections. For that reason I am expecting even more corrective events on yen pairs. Looking at the calendar Monday will be especially important for GBP pairs. Looking at it from weekly perspective we can expect the most from GBP, AUD and USD pairs. So which currencies I will be following on Monday?

USDCHF has created nice support at 1.100 and hourly candles are pointing towards south direction. No higher high wasn’t created recently and the price is now below SMA 50 on h1charts. If the level of 1.100 will be broken I will be targeting move of about 100pips. GOLD is also at interesting level and we might see M or double top correction. Target will be around 200SMA. Another pair I am interested in is EURAUD. I am following both directions and the price action will be decision factor. So all eyes on both levels. Have a great start for the week and many trading opportunities.