Just a reminder that this week holds plenty of news and finishes off with Non-Farm Payroll figures at 1:30pm UK time on Friday the 6th. The primary charts that hold my attention as we head towards this week’s NFP, are the EURUSD and USDJPY predominantly. These are the ones I am going to avoid looking for trade opportunities.
It seems the AUDUSD, NZDUSD and GBPUSD charts are comfortably trending, and so are most likely already established in their individual directions. My advice for safer trading opportunities is to focus on the AUD charts (including AUD crosses), the GBP charts (including GBP crosses).
All the JPY crosses appear to be preparing to retrace this week, leaving the following charts looking the most promising:
Please trade sensibly, and avoid intraday trading from 9am Friday morning. Have a great week!