In the world of financial markets, there's often a constant ebb and flow of events that impact various assets. Two notable players in this arena are the GER30 and EUR, and recent developments have brought them into the spotlight once again.

The AUDUSD Performance 

(UPDATE) - AUDUSD testing the lows of the structure again.

AUDUSD didn't break above the previous resistance zone around 0.64864, instead, the market dropped back to the lows of the descending structure. This price action does not change the overall outlook and is still trading within the structure. Traders anticipate the market to reject the lows of the structure and rally back to the resistance zone. As such, a lower timeframe break of structure will confirm bullish momentum.

The GBPJPY Performance

(UPDATE) - GBPJPY reached the target.

GBPJPY closed back below the previous support zone around 184.852 and dropped +150 pips to the target. This is the price action that confirmed a trading opportunity for traders looking to go short. At the moment the market is rejecting the support zone around 1830119. Traders will now wait for more price action to confirm a rally to the upside or a continuation to the downside.

The US30 Performance 

(UPDATE) - US30 is preparing for a take-off.

US30 dropped back to the support zone as well as the trendline however does not change the overall bullish outlook. Traders are still looking for bullish trading opportunities to align with the weekly bullish trend and are waiting for the market to break and close above the resistance zone around 34684.60. This is the price action that traders will use to confirm bullish momentum. Targets are still set at the previous weekly timeframe structure high.3

Final Thoughts on Today’s Analysis 

In the world of financial markets, staying ahead of the curve is vital. The recent achievement of the GBPJPY target has prompted traders to turn their attention to other assets, particularly the US30 and AUDUSD. As the financial landscape continues to evolve, traders and investors will remain vigilant, analysing market data, economic indicators, and global events to make informed trading decisions. 

The world of finance is dynamic and ever-changing, and those who adapt swiftly can seize opportunities for success. So, keep a close watch on US30 and AUDUSD as they take centre stage in the ongoing drama of the global financial markets. Subscribe to our YouTube channel today.