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This weekend will be dominated by EU policy makers meeting in Brussels and representative of the G20 countries in Osaka. From a market standpoint, we are not widely interested in the into EU summit which will focus on complexity of personnel issues...
The story about the haphazard trade If suddenly you are working on the market, using intuition and a lot of earning during six months, it's just wonderful...
Is AUDJPY ready to turn down or at least retrace? Let's read the market: 1. Found resistance and started ranging between support and resistance 2. Many High Speed Index on the up waves 29.3, 44.6 , 23.5, 35.6. Enter short only if it breaks support...
Pivot (invalidation): 59.50 Our preference Short positions below 59.50 with targets at 58.60 & 58.20 in extension. Alternative scenario Above 59.50 look for further upside with 59.90 & 60.30 as targets...
Pivot (invalidation): 15.2100 Our preference Long positions above 15.2100 with targets at 15.3500 & 15.4600 in extension. Alternative scenario Below 15.2100 look for further downside with 15.1400 & 15.0700 as targets...
Pivot (invalidation): 1409.50 Our preference Long positions above 1409.50 with targets at 1425.00 & 1439.00 in extension. Alternative scenario Below 1409.50 look for further downside with 1398.50 & 1390.00 as targets...
Pivot (invalidation): 2912.00 Our preference Long positions above 2912.00 with targets at 2935.00 & 2948.00 in extension. Alternative scenario Below 2912.00 look for further downside with 2895.00 & 2875.00 as targets...
Pivot (invalidation): 12230.00 Our preference Long positions above 12230.00 with targets at 12370.00 & 12440.00 in extension. Alternative scenario Below 12230.00 look for further downside with 12160.00 & 12110.00 as targets...
Pivot (invalidation): 5.7870 Our preference Short positions below 5.7870 with targets at 5.7610 & 5.7480 in extension. Alternative scenario Above 5.7870 look for further upside with 5.8000 & 5.8130 as targets...
Pivot (invalidation): 0.6995 Our preference Long positions above 0.6995 with targets at 0.7030 & 0.7045 in extension. Alternative scenario Below 0.6995 look for further downside with 0.6985 & 0.6970 as targets...
Pivot (invalidation): 1.3115 Our preference Short positions below 1.3115 with targets at 1.3070 & 1.3050 in extension. Alternative scenario Above 1.3115 look for further upside with 1.3135 & 1.3165 as targets...
Pivot (invalidation): 0.9780 Our preference Short positions below 0.9780 with targets at 0.9740 & 0.9720 in extension. Alternative scenario Above 0.9780 look for further upside with 0.9800 & 0.9815 as targets...
Pivot (invalidation): 107.85 Our preference Short positions below 107.85 with targets at 107.55 & 107.35 in extension. Alternative scenario Above 107.85 look for further upside with 108.15 & 108.35 as targets...
Pivot (invalidation): 1.2685 Our preference Short positions below 1.2685 with targets at 1.2660 & 1.2640 in extension. Alternative scenario Above 1.2685 look for further upside with 1.2705 & 1.2725 as targets...
Pivot (invalidation): 1.1355 Our preference Long positions above 1.1355 with targets at 1.1380 & 1.1390 in extension. Alternative scenario Below 1.1355 look for further downside with 1.1345 & 1.1320 as targets...
A week has passed since the Bank of England confirmed that it was prepared to keep its bank rate unchanged and that it continues to support a hawkish bias. This along with Fed dovish tone gave GBP/USD a boost as it recovered from lows along with Gilt yield across all maturities...
Pivot (invalidation): 58.65 Our preference Long positions above 58.65 with targets at 59.50 & 59.90 in extension. Alternative scenario Below 58.65 look for further downside with 58.20 & 57.70 as targets...
