Forex, 4th august 2016 : suggestions for main currencies

3 August 2016, 23:32
Andrea Antonicelli

After New York closing bell, according to volatility and direction parameters noticed on the Majors , I purpose my advise on the likely scenario, for the next daily market session.

During the last 24 hours, the correlations showed by EUR, GBP, JPY and USD, persuaded me to consider appropriate buy setups on GBPJPY and USDJPY, and sell on EURUSD and EURGBP.

I recommend to those who want to follow my indications, to operate by their own strategy and be careful, considering the erratic price movements due to economic calendar news, and plan every trade with suitable risk/reward ratio as allowed by the available capital balance.

Thanks and good job.

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