GBP and JPY on focus during European and US trade sessions

Trading Strategy for European and US Stock Sessions - GBP/USD, AUD/JPY and Automotive - Short.

GBP/USD is still attractive for Short, which we can do at the start of the European interbank market. The technical pair remains in a descending channel, with the current Price Action giving good prospects for adding to the short positions. The interesting thing right now is that we have a very strong and rare signal for a downward shift - downward, unfulfilled. 50 and 200SMA remain bearish, the price is below 200 period - the trend is in effect. Sequenatial counts a fifth below, which means a high probability for Sell. The lack of reaction in the upward direction makes me think that gaps will remain incomplete, and this will further force speculators to push the Sell button.

AUD/JPY - With the opening of the European interbank market, many traders in Europe will prefer safer currencies, such as USD and JPY. This will result in the sell-offs of the stock markets during the Asian session, and the European at the same time. In this case, it is good to look for Intraday profits at AUD/JPY - Short and GBP/USD - Short. But how do we get into the trend? Expected AUD / JPY marked the most downward trend but is currently adjusting in the upward direction. The short idea at AUD / JPY is to wait a few minutes before the launch of the European interbank market and to position ourselves with short ones. I expect the JPY purchases to rise after 09:00, given the expectations for a negative start on European stock indices.

European stock market - Expectations for a negative and, at the same time, expected start. I'm going to go directly to the car companies that soon do not seem to come out of the spiral that is dragging them down. From the entire sector in Europe, BMW and Daimler are best for shortening. At the same time, VW remains at a key level that should not be overcome. Technically, we still do not have a clear signal to buy or sell, but given the foundation, shorts remain the best option.

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