AUDUSD, EURGBP and USDJPY. Good setups for Friday

Published 09/08/2017, 07:29 AM
USD/JPY
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AUD/USD
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EUR/GBP
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BoC surprised, ECB gave a boost to the EUR but it is now time to slow down a little bit and prepare for the weekend. It does not mean that we have to stop trading that is why we prepared three good setups for today.


First one is a long-term occasion on the AUDUSD, where the price broke all major resistances and made new yearly highs this week. That proves the bullish sentiment and allows us to look north in the next few weeks or even months.


EURGBP broke the upper line of the wedge yesterday but today, the prices fails to climb higher. That can create a false breakout pattern and in case of the drop below the 0.912 support, sell signal will be created.


USDJPY finally closed the daily candle below the 108.6 support. That immediately triggered the sell signal here and now, after breaking the bottom from the April, we are on the lowest levels since the November 2016.

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