Cyclopip

The risk-on vibes could keep boosting the higher-yielding Aussie this week, but I still gotta keep my eye on the scheduled economic catalysts from the Land Down Under.

With a bunch of top-tier U.K. reports due this week, I’m keeping my one good eye locked on these GBP/JPY and EUR/GBP trend lines.

Yep, this one’s still open, fellas! I may have entered a wee bit too early on this short NZD/CAD position but it looks like the long-term resistance is still holding.

It looks like pound bears are running out of steam and can’t push GBP/CHF below the previous lows. Because of that, I’ve decided to book profits off this short trade.

Will we see a continuation of the strong trends on EUR/JPY, GBP/JPY, and EUR/GBP this week? Here are the setups and levels I’m watching.

Thanks to the BOE decision, pound bears took over and caused GBP/CHF to drop like a rock. Meanwhile, NZD/CAD seems to be setting its sights lower as well.

Remember that GBP/CHF triangle setup I was watching last week? Well, price already made a downside breakout and is showing signs of a correction so I’m thinking of hopping in.

With the BOE set to announce its policy decision this week, I’m on the lookout for potential breakouts on GBP/JPY and EUR/GBP. Here are the setups I’m watching.

I’m seeing a lot of consolidation among pound pairs these days, as traders are probably waiting for more economic clues. I’ve got a bit of a bearish bias so I’m waiting to short GBP/CHF at these areas.

Faked out! So much for trying to catch a short-term triangle breakout during the release of Australia’s CPI. Here’s why I decided to cut losses on this AUD/NZD trade.