After strong moves on Friday, I expect some continuation on Sunday open. Not for very long, though. Reversal should start happening before Europe opens for business. Here is one of the reversals I’m looking for.

EUR-GBP looks a little overdone for me. I’m setting up a short trade here. Currently I want to sell at 0.7970 with a target of 0.7935. If the market keeps moving up, this order will need some adjustment. My plan is move the order just onder any new latest low. Objectives will remain comparable, between 30-40 pips.
Another cross I keep an I on is CAD-JPY. In days and weeks to come I think there is going to be a lot of weakness in CAD. For next couple of days CAD-JPY presents multiple opportunities.

I highlighted few potential sell zones. Personally, I’ll be selling at the open at 105.30-40, small position to be sure. If the market moves up, I’ll add at 105.90-106. That is a great area, with very small risk. Should the market go down, I want to take some profits at 104.50, and reestablish position if there is a break under 104.35. This chart should keep me busy for a couple of days.
I’m bracing myself for a busy week, with a lot large moves. I won’t be able to update this blog more than once a day, probably in the evening my time PST.
Mike K.