Currency State of Play — Major PairsEuro / United States DollarCMCMARKETS:EURUSDCharts247TradingAcademy📐 Method: Last Posted High / Last Posted Low | Timeframe: 15M A simple but powerful approach as we identify the most recent structural high and low, then read price behaviour at those key levels to determine trend state and trade bias. ───────────────────────────── 🔵 EURUSD ───────────────────────────── Structural high has been broken, signalling bullish intent. Current move is a reversal structure. Key level to hold: 1.16167 (last posted low). As long as price remains above this level, the bias stays long. Looking for a pullback entry to get positioned. ───────────────────────────── 🔵 GBPUSD (Cable) ───────────────────────────── The cleanest setup on the board. Price has printed a completed bullish wave structure followed by a defined structural pullback, textbook sequence. A low was broken with a large range bar but with no follow-through from sellers, which is a significant observation. Bias remains bullish. Area of interest for long entries: above 1.3430. ───────────────────────────── ⚠️ USDJPY ───────────────────────────── Strong bullish state. However, a note of caution — no valid posted low has been established since 158.86, which limits the structural reference points available. Buying opportunities remain valid but position sizing and risk management deserve extra attention here until a new low is posted. ───────────────────────────── 🔵 AUDUSD ───────────────────────────── Pullback structure appears complete. The next directional move is contingent on a break above 0.7149. A confirmed break of this level opens the door for long opportunities. ───────────────────────────── ⚠️ USDCAD ───────────────────────────── Similar profile to USDJPY; strong bullish market with last posted low at 1.3951. A potential reversal is on the radar but structure still favours the buy side. Priority remains finding a valid buy signal in line with the dominant trend. ───────────────────────────── 🔵 GBPJPY ───────────────────────────── Bullish bias maintained despite a low being broken. Critically, there has been no bearish follow-through; buyers have reclaimed the level, suggesting the break was not genuine. Watching for continuation to the upside above 214.11. ───────────────────────────── 📌 Key Observations ───────────────────────────── • Broad USD strength visible across JPY and CAD pairs • GBP pairs showing well-defined structure with a cleaner trade conditions • EUR and AUD in pullback/continuation mode patience is required for entry • Failed breakdowns on GBPJPY and GBPUSD are notable sellers unable to commit Not financial advice. Always apply your own analysis and risk management.