Rick Hetch

EUR/USD started to rebound after US Dollar weakened following the release of NFP data. An opportunity to open a long position will appear when the price tests the demand zone.

GBP/JPY is in a corrective move toward the supply zone. Watch for a short signal if the price fails to cross the area.

EUR/USD is being corrected from its rising flows. Opportunities to long EUR/USD will appear when the correction stops in the demand zone.

The quiet market conditions due to the absence of an essential catalyst at the end of the year made the EUR/USD moves choppy. However, there are two trading scenarios that can still be used.

As current USD/CAD movement does not reflect a clear direction, here is a scenario that can be taken when the current market condition is choppy.

GBP/JPY fell to 160.28 after BoJ announced its latest policy. The pair is now dominated by a very strong bearish sentiment.

GBP/JPY is currently moving higher. Long opportunities can be placed on condition that the price is corrected and tests the demand zone at 167.53.

The dominant bullish sentiment has encouraged EUR/USD to continue its rally. Therefore, you may look forward to open a long position in this trading scenario.

The bullish sentiment that still dominates the Dollar makes USD/CAD move higher. Therefore, the trading scenario this time will take advantage of the buying momentum.

GBP/JPY is currently bearish to test the demand zone at 165.95. For that reason, this time you need to look for long opportunities in that area.