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 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 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.