Cyclopip

We’ve got central bank events lined up from the euro zone and the U.K. so EUR/JPY, GBP/JPY, and EUR/GBP could be in for an action-packed week! Here’s what I’m looking at.

With more and more signs that the U.K. economy ain’t doing so bad after the Brexit vote, I’m looking to buy the pound with this EUR/GBP pullback setup.

I’m starting this brand new trading month with this neat pullback setup on NZD/JPY based mostly on diverging policy biases between the BOJ and the RBNZ. Take a look!

The trends are still intact for EUR/JPY, GBP/JPY, and EUR/GBP so far. Think it’s worth going with the flow on these short-term setups?

Bah, so much for trying to catch the bearish momentum on this one! The Kiwi was able to put up a strong fight against the Loonie and steer clear of a sharp NZD/CAD drop.

And I’m in! After EUR/AUD showed confirmation from the reversal pattern and made a quick pullback, I decided to hop in at market.

BOJ Governor Kuroda’s dovish remarks and reports that the Brexit process could start by April next year could keep driving price action for EUR/JPY, GBP/JPY, and EUR/GBP this week.

Remember that EUR/AUD long-term triangle bounce I was looking at last month? Well, it looks like there’s more confirmation that buyers are gaining traction.

Stronger than expected U.K. data has been propping the British pound up these days so I’m opting for a more conservative entry on this GBP/AUD trade setup.

It’s looking like the pound might be a better short against the Aussie so I’m adding this GBP/AUD pullback idea to my forex watchlist this week.