On the pound, the daily balance at 1.38132 has not been tested.
Monthly boundaries: low - 1.37244, high - 1.41641.
Weekly boundaries: low - 1.37641, high - 1.41490.
Today, I expect the pound to enter the range of 1.3760-1.3790 where I’ll open buy positions and wait until the price reaches the mark of 40.
On the Australian dollar, the daily balance at 0.73240 has been tested.
Monthly boundaries: low - 0.70924, high - 0.74899.
Weekly boundaries: low - 0.73330, high - 0.75021.
As for the market activity report, everything stays the same here. As I’ve planned, I took profit on some of my sell deals when the price was testing the lower weekly boundary and moved some of them to breakeven. I’d like to see a breakout of the 0.7333 level and move further up.
On the Canadian dollar, the daily balance at 1.26853 has not been tested.
Monthly boundaries: low - 1.22536, high - 1.28427.
Weekly boundaries: low - 1.25713, high - 1.27815.
I keep holding my long positions open although there is a great possibility that they will be cancelled when reaching the breakeven point. I don’t really like the idea of buying from the lower boundary of the week but I will consider it anyway if there is market reaction. On the other hand, going short from the upper boundary looks far more attractive. I wish we could reach it though.
The Japanese yen has left its weekly boundaries. So now I’m waiting for it to test the boundaries of the month. I will consider opening long positions in the range between 108.20 and 108.40.
As for gold, the situation is unchanged here. The daily balance at 1,800 has not been tested.
Yesterday, gold did an excellent job when testing the weekly boundary. But I didn’t sell there as I’m still waiting for lower levels to go short from.