Market Sideways

From technical analysis, what can i see so far.... market currently indecision mode. EUR strenghten and EURxxx start to make big timeframe correction. JPY weakened and xxxJPY almost start to follow the same pattern as EURxxx.

USD weakened and EURUSD might up in mid term. ???

Summary : Market currently unpredictable and not suitable for trade. In my opinion USD weakness factor is not sufficient enough to convince the world market to go strong BULLISH.

Suggestion : In big timeframe sideways market, most of system which use several indicators to confirm BUY or SELL signal, normally became inefficient. And also in my opinion.... the effective way to trade is SELL on high and BUY on low until the event of breakout.

Market Overview

EURUSD
Trend : Sideway around level high 1.2761 and low 1.2607 (Range 154 pips)
Current Condition : Considered strong BULLISH at H1...
Suggestion : Since market remain BEARISH on big time frame, it suggested to enter SELL position when price reach around high level.

GBPUSD
Trend : The strong BEARISH remain on D1
Current condition : Strong BULLISH at H1 and the critical High level was 1.5044, 312 pips from current price.
Suggestion : The BULLISH has just began on H1 and we might enter BUY position to gain some pips. Or we might enter SELL position when price reach around high level 1.5044. Remember to trade on what you see and don't trade on what you think.

EURJPY
Trend : Almost same as GBPUSD, strong BULLISH at H1 but the major trend was down at D1. The high level 119.25, 100 pips from current price, while low level 117.01, 121 pips from current price. It might too late to enter BUY????


GBPJPY
Critical High 141.94, 492 from current price and Low 133.82, 318 from current price. The major trend remain bearish. BULLISH just began on H1, might considered as correction wave...

Summary:
The overall movement of price indicate that the market situation was indecision mode (refer H4) Major trend remain BEARISH (D1 to MN1) and currently did some correction (H1). Suggestion, SELL for swing and BUY for scalp.