EURGBP:

EURGBP dropped +50 pips since the last commentary and is currently testing structure and the 61.8 fib level. Traders anticipate a push to the upside however there’s a possibility that the market can still drop down to 0.83370 because of the demand zone. Nonetheless traders will be interested in buy positions between 0.83769 and the demand zone.

NZDUSD:

NZDUSD rejected structure as well as the resistance zone and dropped back to the bottom of the structure. The overall trend is bearish, and a break and close structure will align with the trend and provide confluence to the downside. Traders are keeping an eye on short opportunities.

NZDJPY:

NZDJPY is back at the counter-trendline after rejecting the supply zone as well as the trendline. The overall formation is a bear flag which indicates there is bearish momentum in the market and as such, an aggressive break and close below the counter-trendline will continue the overall trend.