In today’s analysis I spot three potential trade setups, one on AUD/NZD, one on NZD/USD, and another on EUR/GBP. But, there is some good news and some bad news about these setups.
The bad news
Right after the analysis, the USD CPI news was released, causing a spike down on AUD/NZD and NZD/USD. This means the AUD/NZD and NZD/USD setups are not as strong as they looked earlier, however, they still have potential.
The good news
When I first looked at GBP/JPY in the analysis it did not look that great. However, the spike down has given us a pretty good looking setup on GBP/JPY now.
So keep a close eye on GBP/JPY and EUR/GBP, and also keep watching AUD/NZD and NZD/USD as they may still form decent setups.
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