GBPUSD found an intraday resistance ahead of 1,6350 and retreated in violent fashion .Short term outlook is positive above distant 1,6250 with interim support at 1,6280 .We'd still be buyers on dips with tight stops as long side becomes overcrowded.The ultimate target for longs in this cycle maybe 1,6370/1,6380 zone where decent supply should reemerge .
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USCHF is trading in choppy fashion in recent days .Short term picture is still negative but we feel that the downside potentail is limited to 0,9050 where rate should find decent support in coming hours .We'll be covering shorts in this area
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It looks that after the period of prolonged weakness AUD may see some respite .Sharp rejection off 1,4850 may be a part of local top forming .IMHO EURAUD is worth shorting on rallies twds 1,4780/4800 with stops above 1,4830/40 ,Target 1,4710/4670
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