I am going short on these two pairs tonight for a few hundreds pips move in the downside.
A weekly candlestick reversal pattern on both pairs, support was also broken giving scope for lower targets.
On the Cross:
Decisive break of 1.3030 fib support for EURUSD, and GBPUSD has no significant support until 1.9220/1.9144. Majors look vulnerable for USD acceleration towards 1.2944 for EUR, and 1.9144 for GBP.
USD is going to be well supported in near term, following strong jobs data. I think JPY will gain as well. Putting pressure on EURUSD, GBPUSD, and EURJPY, GBPJPY on downside.
Share your idea, do you agree?