EURUSD remains locked in a 90-pip range that began with the May 24th selloff.

Since then, buyers have defended 1.0670, and sellers have protected 1.0760.

The EURUSD is trading at its range highs, so we’ll see if this range continues or if we get a breakout.

In such conditions, looking for the breakout trade is human nature.

I’ve written about the 1.3300-1.3400 support area on USDCAD a few times, including Tuesday’s blog post.

The pair hit a low of 1.3321 on Wednesday and has bounced 70 pips.

You can see how significant this trend line support is on the daily chart below.

The last time I wrote about USDJPY on May 25th, I was expecting a pullback from the 140.00 resistance area.

That area held, and USDJPY is still pulling back from recent highs.

If we strip everything away, you can see how well this ascending channel has contained the pair.

GBPJPY has been carving higher highs and lows all year.

In fact, the pair has been in an overall uptrend since the March 2020 COVID low.

But even the most established uptrends have pullbacks, and they’re often quite aggressive when longs get trapped.

We may be nearing something similar for GBPJPY.

On June 1st, I wrote about a potential USDCAD bounce from the 1.3440-1.3490 area.

I even told Daily Price Action members to watch for a stop run below 1.3440 heading into last week’s non-farm payroll.

We’ve since had two wicks below the area to clear out early longs.

Fast forward to today, and we may finally have our USDCAD buying opportunity.

GBPUSD is starting the week lower following Friday’s rejection from 1.2530 resistance.

It’s also approaching the neckline of what could be a 350-pip head and shoulders pattern.

That level comes in near 1.2300 this week.

If you saw Friday’s blog post, you know that a sustained break below 1.2300 confirms the head and shoulders and opens up 1.2200 and potentially 1.1900.

Today I’m going to show you exactly how I’m trading the dollar, EURUSD, GBPUSD, NZDUSD, and XAUUSD next week!

The DXY defended its yearly open as support, and GBPUSD could be setting up for a massive short opportunity.

We also have a potential short opportunity on NZDUSD in the week ahead.