EUR/USD:Sell Below 1.3870, TP 1.3825/1.3803,SL 1.3905, BOB 1.3910GBP/USDSell below 1.6660, TP 1.6615, SL 1.6695GOLD:Buy Above 1340,TP 1348,SL1335,BOS1338CL:Buy above 100.85,TP101.55/75,SL100.50,BOS100.40USDJPY:Buy above 103.10, TP 103.50/75,SL102.85,BOS102.80Important News;GBP Manufacturing Production@ 2.30pm, US JOLTS Job Opening 7pmBOB stands for break out buy and BOS stands for Break out sell. When a stop loss hit, this pending order will recover the loss. The TP for this limit should be…See More
A sequence of 3 down days ended Mon as profit taking developed at the bottom of the Keltner channel. Gains were limited, after a negative gap on the open, and unable to regain any significant portion of Fri’s decline. This, despite minor gains in Asia, reflects the weakness of demand and while early gains are probable we look for them to be limited. So scope through .8761 to .8739 or even .8712.…See More
The GBPUSD maintained a bearish momentum yesterday , topped at the 1.6740 levels , and bottomed at the 1.6621 levels . This development leaves the pair targeting the 1.5680 levels , a halt is likely , but losing the 1.5680 levels would open 1.6520 next , strong support could be seen around this level , sustained trading below the 1.6520 will turn focus on the 1.6450 levels..On the upside , a failure to hold below the 1.6621 levels could mean a return to the 1.6710 levels , break of 1.6710…See More
GBP/USD - Market Dips Back To SupportThis market dipped back towards support today as the uptrend took a bit of a breather. We remain bullish on this market whilst price is closing above 1.6600 and will look for price action buy signals on the daily / 4-hour timeframe over the next couple of days.USD/JPY - Price Holding Above Key Resistance / SupportThe USD/JPY held above 103.00 support today…See More
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