Forex Analysis: US Session

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forex analysis us session

Indicator used:

Time Frame: 5 Minutes Chart
For this US session, none of the currency pair actually having any Bollinger band breakout signal. There it indicates that everything is going with a stable mode. So we picked currency pairs based on Gann grid structure.

GBPJPY:

GBPJPY trend

GBPJPY chart with Gann Intraday Pivot Indicator

With the picture above, we can see the market is in uptrend. 146.11 could be a place for re-entry on the uptrend, but if the market falls below it, then sell trade is possible until 145.81 & 145.50. As major news coming in next one hour with USD, CB Consumer Confidence, so we can expect until 145.50.

EURUSD:

Currently in downtrend, upcoming support at 1.1283. Breaking below will continue towards 1.2560-1.2557.

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