First week of May Trade setup. See charts Below. EURUSD having fresh demand. A bullish context hence looking for Buy.
A role reversal fresh into demand.
GBPUSD – potential Buy.
Major Supply being absorbed entirely by over powering demand. Hence Will buy into demand.
GBPJPY – sell and Buy potential
But majority this will be selling due to a very strong Yen. I would look for selling the yen across its counter pairs.
USDJPY – selling.
Expecting a fresh supply selling.
USD index. Bearish. Weaker dollar continues , yellen signal this, their central bank are still selling. They might only reconsider to increase the interest rate upon reaching demand.