It has been a relatively difficult month so far as the general market direction is fairly mixed in my opinion. In short-term outlook, I'm looking for a deeper correction lower in EURUSD and among other major pairs but to be fair - it's a longshot right now. August is not the easiest month to trade as we're still seeing "summer trading conditions" meaning that some days, we don't see any price action at all.
Anyways, right now I'm holding a long position in USDJPY with a very tight stop just …