EUR/USD formed a pin on Friday that consolidated with the weekly price range.This market is undecided right now but given the subsequent price action we still favor rotations down to the next support zone in the mid term.
GBP/USD retraced the large pin that was formed on Thursday as anticipated by our previous analysis.
The retracement closed below the horizontal resistance zone which added confluence to the setup and also we are open to any bearish setup around the resistance zone at 1.6209-1.6177 .Because of the holiday in the horizon the volume of trade may be affected and will expect it to pick up in the new year.
USD/JPY formed a counter trend pin bar that may leads to rotation to fill the gap created early last week.We don't like to always take counter trend setup unless they are obvious and have confluence because counter trend setup has lower probability of working out.
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