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GBP/AUD: 4-hour


If you like trading comdoll crosses, then you better watch out for a possible support at GBP/AUD’s 1.6850 handle! Aside from the level being a previous resistance and support area, there’s also a bullish divergence popping up! You could wait for stochastic to leave the oversold region before you enter a reversal or you could also jump in and place a wider stop.

AUD/USD: Daily


Is that a breakout I see? AUD/USD is currently testing the 1.0300 handle, which is right smack at the top of a range on the daily chart. If the bulls fail to break the psychological level, then prepare for a bearish takeover with the overbought stochastic signal leading the bears’ way. If it does make a bullish breakout though, then y’all better be ready with your breakout game plans!

EUR/JPY: Daily


Unlike AUD/USD, EUR/JPY has a more convincing case for a breakout. The pair had just breached the 132.50 minor psychological level, which had been the resistance of an ascending triangle. You could wait for candlesticks or a possible resistance retest if you’re not sure about the move. Just make sure that you make room for volatility of a yen cross when setting your stop losses, aight?

