EUR/USD
Weekly Trend direction: Bullish
Weekly trend reversal level: 1.3850
Key G7 support levels: 1.3950, 1.3850
Counter-trend and scalping opportunities:
Strategy: Whilst above the weekly trend reversal level buy dips to support levels after an entry signal.
Today’s trade suggestion: This week remains long, despite the rather suspicious-looking daily and weekly candles, which warn of a potential medium term top in place. We are currently at support near 1.3950, but we have no clear G7 signal to buy just yet. Further support lies below at 1.3850 – the weekly reversal level. Watch and wait for a clear G7 signal at either 1.3950 or 1.3850 before buying the euro.
Summary: Buy dips to support levels at 1.3950 and 1.3850 after a G7 entry signal.

GBP/USD
Weekly Trend direction: Bullish
Weekly trend reversal level: 1.5950
Key G7 support levels: 1.6080/50, 1.6020, 1.5960/50
Counter-trend opportunities:
Strategy: Whilst above the weekly trend reversal level buy dips to support levels after an entry signal
Today’s trade suggestion: Another triumphant week for the pound, and clearly bullish after last week’s rally. Continue to look to buy into dips to the support levels listed above after a clear G7 entry signal. It’s not prudent to stand in front of this rally, and counter-trend trades are probably not advised!
Update 03 November: Nothing to add. We have gone sideways since Monday.
Update 08 November: No change. Continue to buy dips to support levels listed above.
Summary:
Buy the pound into dips after a clear G7 entry signal.