Forex Market Update on 06/09/2016

This is Forex Market Update for the pairs EURUSD, GBPUSD & USDJPY. This update is about today’s market outlook where theses pair’s analysis will be found. These analysis is about both long and short term trading.

EURUSD Head & Shoulder

The pair is currently trading around 1.1163 area with a bullish move. It is forming a head & shoulder pattern. If we are right then the pair will move back for short.

Forex Market Update 1

GBPUSD Sell Setup

The pair GBPUSD is now in sell mode. Current market price is around 1.3330.
Trading Action: Sell
Take Profit: 1.3268
Stop Loss: 1.3385
Follow the chart for further clarification.

Forex Market Update 2

USDJPY Long Trade

After bearing the pair has turned back. Time for buy.

Market price: 103.351
Trading Action: Buy
Take Profit: 104.044
Stop Loss: 102.921
Follow the chart for further clarification.

Forex Market Update 3

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