MARKET UPDATE FOR FEB 5 @HILLFOCUSFOREX

EUR/USD  rotate lower today but later retraced into the new York Close.We anticipated a deeper rotation to the 1.3410-1.3254 support zone.We are still expecting a buying signal within the support zone, to join the existing uptrend.

GBP/USD met with bearish pressure today after failed to follow through range structure expected.This goes to show that trading counter trends has an inherent higher risk because of the low probability of playing out.GBP/USD closed below 1.5674 support zone which give room for the continuation of the trend.

AUD/USD formed a fakey today to continue the slow grinding of the downtrend.Based on this fakey we
expect this to continue in the mean time to 1.03444 zone.

MARKET UPDATE FOR FEB 1 TO 3@HILLFOCUSFOREX

EUR/USD continues it recent up surge on Friday and ended the day by  retracing. into the New York close.There was a fakey formed in the 4hrs Time frame which we are looking towards next week for hint.There is a possibility of deeper rotation into the next support zone(1.3412),where will can look out for buying signal to join the uptrend or the break of or close above 1

GBP/USD shorted massively today after failing to get to our ideal retrace zone around 1.5911.We are anticipating the break of the support around 1.5674 to give way for lower price in the main term.Next week we are on the lookout for a bearish set up to join the downtrend.

AUD/USD consolidate on Friday closing slightly below the previous day close.Our bias still remained bearish until we get a close above the horizontal resistance zone around 1.0480.As far as we still get close below this level the probability of bearish outcome is still high in the near term provided we get a setup to solidify our bias.\