forex scalping 19 8 2015

Hello,

Market was very choppy in the morning and we remain idle.

American news offered some volatility and a big whipsaw in usdjpy.

We took a  scalp after the news in calm waters in eurjpy which hold the key support.

Currently 137.29 running into a few offers but demand into 137.00

Offers 137.60 137.80 138.00 138.30 138.50 138.85 139.00

Bids 137.20-25 137.00 136.80 136.50 136.00

 

 

the Three pairs we trade main charts today

EURJPY

forex scalping ej

GBPUSD

daily chart
The GBPUSD rallied yesterday after previous day’s brief rotation lower. We have been calling the GBPUSD long on pullbacks for a number of weeks now and we are still very bullish on this market. If you’re not already long, you can continue to look to be a buyer on any weakness whilst price is above that key support zone down between 1.5535 – 1.5465. We see the potential for price to break up and move higher in the coming weeks and re-test the highs up near 1.5920 area.

 

FOREX SCALPING GBPUSD

GBPJPY

FOREX SCALPING GBPJPY