EUR/USD 4-hour: Reached the target ahead of NFPs

8:20 am (EST) Update

EUR/USD 4-hour: Reached the target.

Maria’s Positioning: Long positions above 1.0910 with targets at 1.1051 and 1.1161 in extension.

Technical reasons why: The pair reached our bullish target at the 23% Fibonacci level as trying to break above the Ichimoku’s cloud. The RSI is above the neutrality area.

Alternative Scenario: Below 1.0910 look for further downside with 1.0725 and 1.0596.

Where I’m setting my stops and limits:

GBP/USD 4-hour: Consolidating.

Maria’s Positioning: No positions.

Technical reasons why: The pair continues to consolidate at the pivot level at 1.4853 below the Ichimoku’s cloud. A break above/below the key levels of 1.4986 and 1.4742 would signal its next direction. The RSI is at the neutrality area.

Where I’m setting my stops and limits:

USD/JPY 4-hour: Consolidating within the Ichimoku’s cloud.

Maria’s Positioning: No positions.

Technical reasons why: The pair keeps consolidating at the 38% Fibonacci level in the Ichimoku’s cloud. The RSI is at the neutrality area.

Where I’m setting my stops and limits:

USD/CAD 4-hour: Testing to break below the Ichimoku’s cloud.

Maria’s Positioning: Short positions below 1.2525 with targets at 1.2412 and 1.2205 in extension.

Technical reasons why: The pair is about to touch our previous bearish target at 1.2525 as testing the lower boundary of the Ichimoku’s cloud. A breal below the level and the Ichimoku’s cloud would signal a further down-moves. The RSI is below the neutrality area.

Alternative Scenario: Above 1.2525 look for further upside with 1.2645 and 1.2747.

Where I’m setting my stops and limits: