EURUSD levels are well established so we keep trading them until prices breakout of the range. We have shorts at first resistance at 1.1600/10 from yesterday

USDCAD we have longs at 1.2440/20 targeting strong resistance at 1.2510/30.

GBPCAD beat strong resistance at 1.6860/70 but meets a selling opportunity at 1.6930/50 with stops above 1.6970.

Update daily at 06:30 GMT

Today's Analysis.

EURUSD strong resistance at 1.1600/10. Shorts need stops above 1.1630. A break higher can target strong resistance at 1.1695/1.1705. Exit longs & try shorts with stops above 1.1720. A break higher is a buy signal targeting 1.1765/70 & 1.1800/10.

Shorts at 1.1600/10 target 1.1570/60 (hit), perhaps as far as first support at the October low at 1.1530/20. A break below 1.1510 is a sell signal initially targeting 1.1490 & although this could hold initially (a low for the day certainly possible but longs are risky) we eventually expected to target 1.1430/20.

USDCAD longs at 1.2440/20 target strong resistance at 1.2510/30. Shorts need stops above 1.2550.

First support at 1.2440/20 but longs need stops below 1.2410. A break below here targets 1.2370/65 perhaps as far as support at 1.2300/1.2280. Longs here need stops below 1.2270. A break lower is a sell signal.

GBPCAD selling opportunity at 1.6930/50 with stops above 1.6970. A break higher however targets 1.7050/70.

Shorts at 1.6930/50 target 1.6860, perhaps as far as 1.6810. A low for the day is possible here but further losses are likely to retest last week's low at 1.6735/25.

GBPUSD beat 1.3510/30 to target 1.3570/80 & my selling opportunity at 1.3600/20. Shorts here worked perfectly with a high for the day at 1.3607 & a collapse to my target of 1.3525/15.

In fact this was also the low for the day.

EURGBP shorts at the 200 day moving average at 8585 work on the slide to second support at 8520/10 for profit taking on any remaining shorts.

A low for the day exactly here so longs also worked on the bounce to 8550.

GBPNZD shot higher to strong resistance at 1.9050/70 but shorts need stops above 1.9090 (which looks likely today's high as I write).

Update daily at 07:00 GMT

Today's Analysis.

GBPUSD try shorts again at 1.3600/20 targeting 1.3560, perhaps as far as minor support at 1.3525/15. Below here look for 1.3470/60.

A selling opportunity at 1.3600/20. Try shorts with stops above 1.3635. A break higher targets 1.3570/75.

EURGBP holding below 8550 retests support at 8520/10. Try longs again with stops below 8500. A break lower targets 8475.

Longs at 520/10 target 8550 before first resistance at the 200 day moving average at 8585/95. A break above 8600 is a buy signal for this week.

GBPNZD shorts at strong resistance at 1.9050/70 target 1.9895, perhaps as far as 1.8950.

A break above 1.9090 targets 1.9170/80.

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