Targets reached!

EURUSD and GBPUSD have successfully reached our weekly targets, confirming the accuracy of our pre- and mid-week analysis.

In our upcoming week review, we'll delve into the insights gained from this week's price action.

So, what's next when targets are met?

When our weekly targets are met, it typically indicates that market participants are offloading existing positions, implying profit-taking by informed traders. We'll need to reassess to determine whether we can anticipate continuation, consolidation, retracement, or even a reversal in market conditions.

Stay tuned for our Sunday publication, where we'll share our latest market insights and ideas. We hope you've had a successful trading week, especially if you followed our pre-CPI analysis and midweek update.

Happy trading!