I opened a short position after it broke below 1.4400, but I am pondering whether I should close it now before the market closes or wait for the pair to reach 1.4300.

Cable Update (GBPUSD)

I think it will likely break below the support, considering that very clear double top that has formed at 109.40.

USD/JPY Discussion

I opened a long on EUR/USD earlier today, the pair broke above 1.1400 and its next target is likely around 1.1500 - 1.1530.

EURUSD

And then bounced off of it again. What is more, the pair has formed a spinning top candlestick on the daily time-frame at the resistance at 1.3000. The pair will likely start falling again.

USD/CAD

I agree - it might reach 1.3000 soon, but other than that there will likely be consolidation for the next few days. The question is whether it will continue climbing afterwards.

USD/CAD

I too am looking for an appropriate entry for a long position. I think it might be a little early at the moment though.

Cable Update (GBPUSD)

I agree, next target is likely around 1260.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

There's an almost textbook example of a shooting star candlestick on the daily time-frame below the resistance at 1.1615, EUR/USD will likely start falling again.

EURUSD

I think it will more likely reach 0.6900 before it starts climbing again.

NZD/USD

(MA)89 on the weekly time frame is at 1.1530, that's a pretty strong resistance. I am considering opening shorts and soon because I think it will retrace back to 1.1450.

EURUSD

USD/JPY most likely won't stop falling before it reaches the support at 103.80, which is (MA)89 on the monthly time frame.

USD/JPY Discussion

I tend to trade on Friday as I do on any other day of the week, the one difference being that I try to close all my positions until early to mid-afternoon. I don't like to keep positions open over the weekend and I see no reason to wait until the ...

How do you trade on Fridays?

I have a short too. I think that if it breaks below 1.4550 it will fall back to 1.4500 again.

Cable Update (GBPUSD)

I agree, it's pretty undecided at the moment. I think that it might fall back to 0.7700 again, but apart from that, it's unclear.

AUD/USD

I still have a long position open, but I will close it once it reaches 1.4500. It's almost there anyway.

Cable Update (GBPUSD)

It's definitely broken it now. Currently it's testing 1.1230 and it will probably break below that too and then reach target 1.1200. Next week we'll probably see it move below 1.1200.

EURUSD

I am not at all surprised by this whipsaw, even if I am a little disappointed because I only caught about 40 pips out of it. For now the pair is testing 1.1270 again and if it breaks below that level it will likely reach 1.1200, but consolidation ...

EURUSD

Gold is testing 1260 again but I think it will bounce off that resistance again. I'm considering opening shorts.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I am not opening longs yet. If it breaks below 1.2650 it could continue falling all the way to 1.1500, I am still waiting to see what happens.

USD/CAD

I doubt the pair would stop falling before it reaches 1.2760 again, I wouldn't open longs here.

USD/CAD