GBPUSD - Analysis

The price has broken heavy daily support. This looks to be a heavy fall. However, we cannot go short at current level. I will wait the price bounces back to previous support at 1.5330 and shows reversal at that level on daily chart.

GBPUSD Daily chart

EURUSD Analysis

The daily trend has, seems to be, resumed down trend (daily chart). The price might be heading back towards 1.2700.

EURUSD Daily Chart

I will look to go short cautiously at 1.3050 against 1.2175.

EURUSD 1hr Chart