GBPUSD has retreated after brief bounce to 1.7050 and consolidation below last
week's high of 1.7063 is in store, above said resistance at 1.7063 would extend recent upmove to 1.7090-95 however,
loss of upward momentum should prevent sharp move beyond 1.7110 and
risk from there is seen for another retreat to take place later. A firm break below the lower Kumo (now at 1.6990) would
suggest top is possibly formed and bring correction to 1.6700, then towards support at…
As the Australian dollar has risen again after finding renewed selling @ 0.9440
in line with my expectation ( recommended to sell @ 0.9440 target 0.9300 with stop of 50 pip. breack below 0.9290 will hit 0.9200 and buyer may enter buy there.
buy GBPUSD @ 1.6615 stop 1.6575 target 1.6750 if support @ 1.6580 continue to hold expect GU to fly above target also EURJPY have a target to hit @ 147.00 to 149.50 before down side trade will start today or tomorrow it may fly to 144.50