Did You Just leave 900 Pips Profit On The Table ?

Fri 28th April 2023 : Daily Currency Strength Analysis

Today we’re looking at Trading Setups in:

• GBPJPY (Primary Focus Pair)
• GBPAUD (Covered in Video)
• EURAUD (Covered in Video)

Primary Focus Pair: Overview

GBPJPY

On the 19th April, we looked at GBPJPY as it featured on the tables for a long opportunity.

In the video we outlined the price breaking above the key resistance of 167.00/166.00.

Price retested the resistance as discussed and has rallied into our 169.00 targets.

If GBPJPY remains on the tables we could look for further opportunities, as traders could target the next resistance at 171.50, which are the highs formed on 31st October 2022.

GBPAUD

GBPAUD was another forex pair we featured this week that remains on the tables for price to continue higher.

GBPAUD has rallied over 300 pips since we discussed being long, breaking through key resistance zones.

Now GBPAUD is above the key resistance of 1.8800 we could see price trade higher towards the highs at 1.9150.

EURAUD

Finally, we featured EURAUD for longs above the 1.6400 level of resistance.

This provided a confirmed signal on the 21st April, but has remained on the tables for further longs.

EURAUD is trading just below the 1.6800 target level which we expect to be tested soon.

Technical Observations:

• GBP is S1 and JPY is W1 on the day traders table.
• Price has hit our targets at 169.00.
• If price trades higher we could see a move towards 171.50.
• Traders could look for pullbacks into minor support zones for further opportunities.

Todays 9am (BST) Forex Strength Vs Weakness Tables: