AUD Monthly and Weekly
MAY high breakout and trading above the Yearly 50% level.
With the breakout of the MAY highs, then there is an expectation price will continue higher towards the JUNE highs, which will be determined at the end of next week's close (Monthly close)
Any short-term reversal patterns and the Weekly 50% levels should be used as support for a continuation higher.
Euro Monthly & Weekly
Euro hitting the Yearly 50% level, with the breakout of MAY highs.
Exact same expectation as the AUD...
Euro 5-day pattern
We can see the 3-day filter since Tuesday supporting the market with 4 hour low support.
Tuesday and Wednesday were high probability patterns, because of the view that price was rising towards higher timeframe levels:- Weekly and MAY highs.
Thursday was less so, because of price trading around those resistance levels, but nevertheless, it should have stopped traders trading 'shorts'.
And the same applied with Friday, because of the MAY high breakout.
GBP Monthly and Weekly
Same breakout of MAY highs, and heading towards the Yearly 50% levels.
And same expectation as other currencies of heading higher into JUNE highs.
Daily Reports out on Monday
