The market have been indecisive for the past few week. We shall be patient and wait for market to draw the first blood before we decide to enter.

GBPJPY



Bullish divergence

GBPJPY have been moving downward resisted by the downward sloping. Price must clear the level around 132.990 to 133.000 before any bullish movement is confirm.

EURUSD



Any retest of the highlighted(yellow) zone is a short

It seems like EURUSD is the first pair to get its first blood drawn. In the chart we can see that bearish divergence coupled with trendline break, why didn’t we spotted this last week? Anyway looking into this week let us hope that EURUSD will retrace to the highlighted(yellow) zone before we short down this pair.

GOLD



Still bearish about GOLD


We are still bearish about GOLD. There are 2 ways to trade GOLD currently, if price break past the highlighted(green) zone, it will become bullish. Another way to look at it is currently it is just temporary retrace to the green zone. This zone poise to be a strong resistance because we can see a market regret happening inside the zone