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Our Recommended Trades
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| INTRA-DAY GBP/USD OUTLOOK - +1.2245+ |
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| Update
Time: |
22 Sep 2023 08:33GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2245+
Intra-day break of 1.2255/60 sup area suggests
recovery fm y'day's 5-1/2 month 1.2231 (Reuters)
low has ended at 1.2307 the same day n downtrend
wud extend to 1.2215/20 after consolidation, how-
ever, 1.2191 sup is likely to hold initially.
Trade fm short side for 1.2245 n only abv 1.2285
/90 risks 1.2307, break yields 1.2331/34 b4 down.
|
| Rate: |
+1.2245+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2295 |
| Objective: |
1.2245 |
| Stop-Loss: |
|
| Resistance: |
1.2287/1.2307/1.2333 |
| Support: |
1.2231/1.2219/1.2191 |
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| INTRA-DAY EUR/GBP OUTLOOK - +0.8680+ |
|
| Update
Time: |
21 Sep 2023 11:00GMT |
INTRA-DAY EUR/GBP OUTLOOK - +0.8680+
Euro's intra-day strong bounce fm 0.8633 at Euro
pean open suggests pullback fm Wed's 1-month top at
0.8659 has ended at 0.8628 (Asia) n abv wud extend
recent erratic rise twd 0.8669/79 but Jul's 1-1/2
month 0.8701 high shud remain intact initially.
Trade fm long side for 0.8680 1st as only below
0.8615 risks weakness twd 0.8599, break, 0.8570.
|
| Rate: |
+0.8680+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.8640 |
| Objective: |
0.8680 |
| Stop-Loss: |
|
| Resistance: |
0.8669/0.8701/0.8734 |
| Support: |
0.8615/0.8599/0.8570 |
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|
| INTRA-DAY EUR/JPY OUTLOOK - +157.30+ |
|
| Update
Time: |
21 Sep 2023 12:44GMT |
INTRA-DAY EUR/JPY OUTLOOK - +157.30+
Although euro's intra-day strong bounce fm 157.
38 (Asia) suggests pullback fm Wed's 158.45 high
has possibly made a temporary low there, reckon
158.00/10 wud remain intact n yield another fall
but below 157.36/38 needed for 156.90/95, 156.60.
Remain as cautious seller for 157.30 1st as only
abv 158.15 risks gain back twd 158.45.
|
| Rate: |
+157.30+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 157.90 |
| Objective: |
157.30 |
| Stop-Loss: |
|
| Resistance: |
158.15/158.45/158.65 |
| Support: |
157.36/156.92/156.60 |
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|
| DAILY AUD/USD OUTLOOK - +0.6400+ |
|
| Update
Time: |
21 Sep 2023 12:48GMT |
DAILY AUD/USD OUTLOOK - +0.6400+
Despite aud's rise fm Sep's near 10-month 0.6358
low to 0.6511 in NY y'day, subsequent fall to 0.64
40 post-FOMC, then 0.6402 today signals top made n
price wud head to 0.6381/85 after consolidation,
break needed to bring re-test of 0.6358 later.
Trade fm short side for 0.6400 n only abv 0.6452
(AUS) prolongs choppy swings, 0.6470/75, 0.6490/00
|
| Rate: |
+0.6400+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.6480 |
| Objective: |
0.6400 |
| Stop-Loss: |
|
| Resistance: |
0.6452/0.6473/0.6491 |
| Support: |
0.6400/0.6381/0.6358 |
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|
| INTRA-DAY USD/CHF OUTLOOK - +0.9017+ |
|
| Update
Time: |
21 Sep 2023 07:32GMT |
INTRA-DAY USD/CHF OUTLOOK - +0.9017+
Y'day's rally fm 0.8933 to a fresh 2-month 0.89
95 high post-FOMC, then intra-day break there sug-
gests recent upmove has resumed n gain to 0.9013/17
, then 0.9056/60 wud be seen after consolidation b4
prospect of retreat due to overbought condition.
Trade fm long side for 0.9017 n only below 0.89
60/65 risks 0.8945/50, then 0.8933 again.
|
| Rate: |
+0.9017+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.8967 |
| Objective: |
0.9017 |
| Stop-Loss: |
|
| Resistance: |
0.9060/0.9075/0.9109 |
| Support: |
0.9008/0.8981/0.8950 |
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|
| INTRA-DAY AUD/USD OUTLOOK - +0.6431+ |
|
| Update
Time: |
21 Sep 2023 00:26GMT |
INTRA-DAY AUD/USD OUTLOOK - +0.6431+
Aud's selloff fm 0.6510 NY on Fed's unchanged
rate decision signals recovery fm Sep's 10-month
bottom at 0.6358 has ended there n consolidation
with downside bias remains, below 0.6428 wud add
credence to this view, 0.6417 later.
Remain as cautious seller for this move n only
abv 0.6510 wud risk gain twds 0.6522.
|
| Rate: |
+0.6431+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.6481 |
| Objective: |
0.6431 |
| Stop-Loss: |
|
| Resistance: |
0.6510/0.6522/0.6571 |
| Support: |
0.6449/0.6428/0.6417 |
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|
| INTRA-DAY EUR/USD OUTLOOK - +1.0644+ |
|
| Update
Time: |
21 Sep 2023 00:25GMT |
INTRA-DAY EUR/USD OUTLOOK - +1.0644+
Despite euro's intra-day gain to 1.0736 in NY,
current selloff on usd's strength in post-FOMC sig
nals correction fm Sep's bottom at 1.0632 has ended
there, below 1.0655 wud confirm this view n bring
re-test of said sup later today or early tom.
Trade fm short side for 1.0644 1st n only abv
1.0736 wud risk gain twds 1.0750/60.
|
| Rate: |
+1.0644+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.0694 |
| Objective: |
1.0644 |
| Stop-Loss: |
|
| Resistance: |
1.0736/1.0752/1.0768 |
| Support: |
1.0655/1.0645/1.0632 |
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|
| INTRA-DAY GBP/USD OUTLOOK - +1.2327+ |
|
| Update
Time: |
20 Sep 2023 23:41GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2327+
Cable's intra-day selloff fm 1.2421 in NY in
post-FOMC on usd's strength signals recovery fm
European 3-1/2 month bottom at 1.2334 has ended
there n re-test of said sup is seen, break wud ex-
tend recent decline twds 1.2308/10 later.
Trade fm short side for this move n only abv
1.2421/25 wud risk gain twds 1.2445.
|
| Rate: |
+1.2327+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2377 |
| Objective: |
1.2327 |
| Stop-Loss: |
|
| Resistance: |
1.2425/1.2445/1.2512 |
| Support: |
1.2334/1.2308/1.2275 |
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|
| INTRA-DAY USD/JPY OUTOOK - +148.05+ |
|
| Update
Time: |
20 Sep 2023 07:26GMT |
INTRA-DAY USD/JPY OUTOOK - +148.05+
Intra-day break of Fri's 10-month 147.95 high
suggests MT upmove has resumed n gain to 148.16/21,
then 148.40/44 wud be seen after consolidation, how
ever, loss of upward momentum shud prevent strong
rise abv n 148.80/84 res area shud cap upside today
Trade fm long side for 148.05 n only below 147.
51/57 signals top made, 147.35/40, 146.98/02.
|
| Rate: |
+148.05+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 147.55 |
| Objective: |
148.05 |
| Stop-Loss: |
|
| Resistance: |
148.21/148.44/148.84 |
| Support: |
147.70/147.51/147.35 |
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|
| INTRA-DAY EUR/GBP OUTLOOK - +0.8650+ |
|
| Update
Time: |
20 Sep 2023 06:00GMT |
INTRA-DAY EUR/GBP OUTLOOK - +0.8650+
Despite euro's retreat after y'day's re-test of
Mon's 1-mont peak at 0.8636 in Asia, subsequent re-
bounce fm 0.8616 in NY signals said pullback has
possibly ended n consolidation with upside bias re-
mains, abv said res extends to 0.8647/55, 0.8669.
Trade fm long side for this move as only below
0.8595/00 may risk retracement back twd 0.8570.
|
| Rate: |
+0.8650+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.8600 |
| Objective: |
0.8650 |
| Stop-Loss: |
|
| Resistance: |
0.8636/0.8647/0.8669 |
| Support: |
0.8599/0.8570/0.8558 |
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|
| DAILY AUD/JPY CROSS OUTLOOK - +95.50+ |
|
| Update
Time: |
19 Sep 2023 12:53GMT |
DAILY AUD/JPY CROSS OUTLOOK - +95.50+
Y'day's strg bounce fm 94.79 (NY) suggests cor-
rection fm Thur's 1-1/2 month 95.54 top possibly
ended n abv extends recent rise twd 95.85/90.
Trade fm long side for 95.50 1st as only below
94.75/80 risks retracement back twd 94.50/55.
|
| Rate: |
+95.50+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 94.80 |
| Objective: |
95.50 |
| Stop-Loss: |
Long at 94.80 |
| Resistance: |
95.54/95.86/96.16 |
| Support: |
94.79/94.52/94.20 |
|
|
| DAILY USD/CAD OUTLOOK - +1.3455+ |
|
| Update
Time: |
19 Sep 2023 08:05GMT |
DAILY USD/CAD OUTLOOK - +1.3455+
Usd's fall fm Sep's 5-mth 1.3694 high to 1.3472
y'day suggests top is in place n weakness to 1.3440
/46 wud be seen but 1.3400/05 shud hold today.
Trade fm short side for 1.3455 n only abv 1.3528
/33 risks 1.3549 (Fri), break, 1.3565/69, 1.3587/93
|
| Rate: |
+1.3455+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.3540 |
| Objective: |
1.3455 |
| Stop-Loss: |
Short at 1.3540 |
| Resistance: |
1.3497/1.3533/1.3549 |
| Support: |
1.3440/1.3413/1.3373 |
|
|
| DAILY AUD/JPY CROSS OUTLOOK - +95.25+ |
|
| Update
Time: |
15 Sep 2023 02:03GMT |
DAILY AUD/JPY CROSS OUTLOOK - +95.25+
Intra-day rise on AU jobs data suggests gain to
95.05 res wud be seen after consolidation, break
heads to 95.40/50 but 95.82/86 shud cap upside.
Trade fm long side for 95.25 next n only below
94.20 (Wed) confirms top made, 93.86/91 later.
|
| Rate: |
+95.25+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 94.20 |
| Objective: |
95.25 |
| Stop-Loss: |
Long at 94.20 |
| Resistance: |
95.05/95.47/95.86 |
| Support: |
94.52/94.20/94.07 |
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|
| INTRA-DAY EUR/JPY OUTLOOK - +157.75+ |
|
| Update
Time: |
14 Sep 2023 12:16GMT |
INTRA-DAY EUR/JPY OUTLOOK - +157.75+
Y'day's fall fm 158.61 at NY open suggests cor-
rective upmove fm Mon's 1-month 156.60 low has made
a temporary top n below 157.75/80 wud bring retrace
ment to 157.37/40, then 157.15/20 but 156.90/95 sup
area may hold, yield subsequent rebound later.
Sell on pullback to 158.25 for 157.75 n only abv
158.35/40 risks 158.61/65, break, 159.00/05.
|
| Rate: |
+157.75+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 158.25 |
| Objective: |
157.75 |
| Stop-Loss: |
|
| Resistance: |
158.32/158.65/159.05 |
| Support: |
157.78/157.63/157.37 |
|
|
| INTRA-DAY EUR/USD OUTLOOK - +1.0707+ |
|
| Update
Time: |
14 Sep 2023 12:16GMT |
INTRA-DAY EUR/USD OUTLOOK - +1.0707+
Although euro has rebounded after y'day's fall
fm 1.0764 to 1.0712, as 1.0761 has capped recovery,
consolidation with downside bias remains, below
Tue's 1.0706 low shud bring re-test of last Thur's
near 3-month 1.0687 bottom, break, 1.0662/68 later.
Trade fm short side for 1.0707 1st n only abv
1.0764/68 risks 1.0780/84, then 1.0805/08.
|
| Rate: |
+1.0707+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.0757 |
| Objective: |
1.0707 |
| Stop-Loss: |
|
| Resistance: |
1.0768/1.0784/1.0808 |
| Support: |
1.0712/1.0703/1.0687 |
|
|
| SPOT SILVER DAILY OUTLOOK - +$ 22.60+ |
|
| Update
Time: |
14 Sep 2023 06:58GMT |
SPOT SILVER DAILY OUTLOOK - +$ 22.60+
As xag has fallen after y'day's bounce fm a 3-
week 22.75 low to 23.02, suggesting price wud head
to 22.60, then 22.35/37 but 22.23 (Aug) may hold.
Trade fm short side for 22.60 n only abv 23.00/
02 risks retrace. to 23.20/22, break, 23.45/48.
|
| Rate: |
+$ 22.60+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 23.15 |
| Objective: |
22.60 |
| Stop-Loss: |
Short at 23.15 |
| Resistance: |
22.84/23.02/23.22 |
| Support: |
22.35/22.23/22.11 |
|
|
| INTRA-DAY EUR/JPY OUTLOOK - +158.60+ |
|
| Update
Time: |
13 Sep 2023 14:15GMT |
INTRA-DAY EUR/JPY OUTLOOK - +158.60+
Intra-day retreat after break of 158.50/52 res
area to 158.65 suggests rise fm Mon's 156.60 low
has made a minor temporary top n consolidation wud
be seen b4 prospect of another rise, abv 158.65/72
yields marginal gain but 159.05/15 may cap upside.
Remain as cautious buyer for 158.60 n only below
157.95/00 risks weakness to 157.75/80, 157.55/60.
|
| Rate: |
+158.60+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 158.10 |
| Objective: |
158.60 |
| Stop-Loss: |
|
| Resistance: |
158.65/158.72/159.05 |
| Support: |
157.97/157.78/157.37 |
|
|
| INTRA-DAY EUR/GBP OUTLOOK - +0.8610+ |
|
| Update
Time: |
12 Sep 2023 23:51GMT |
INTRA-DAY EUR/GBP OUTLOOK - +0.8610+
Euro's rally fm 0.8524 last Tue to as high as
0.8601 Thur suggests further choppy trading abv
Aug's 11-1/2 month bottom at 0.8494 wud continue n
as 0.8571 (Europe) has contained intra-day downside
, bullishness remains n abv 0.8610, 0.8630/35.
Trade fm long side for this move n only below
0.8558 wud risk weakness to 0.8547.
|
| Rate: |
+0.8610+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.8560 |
| Objective: |
0.8610 |
| Stop-Loss: |
|
| Resistance: |
0.8632/0.8647/0.8669 |
| Support: |
0.8571/0.8558/0.8547 |
|
|
| INTRA-DAY GBP/USD OUTLOOK - +1.2490+ |
|
| Update
Time: |
12 Sep 2023 07:40GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2490+
Despite y'day's rise abv 1.2514 (Fri) to 1.2548
on usd's weakness in NY, subsequent retreat signals
the recovery fm last Thur's near 3-month bottom at
1.2445 has possibly ended there, below 1.2470/73
adds credence to this view, 1.2445/51 later.
Trade fm short side for 1.2490 1st as only abv
1.2548/50 risks retrace. to 1.2565/67, 1.2585/87.
|
| Rate: |
+1.2490+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2540 |
| Objective: |
1.2490 |
| Stop-Loss: |
|
| Resistance: |
1.2530/1.2548/1.2567 |
| Support: |
1.2473/1.2445/1.2428 |
|
|
| INTRA-DAY EUR/USD OUTLOOK - +1.0695+ |
|
| Update
Time: |
07 Sep 2023 12:33GMT |
INTRA-DAY EUR/USD OUTLOOK - +1.0695+
Although euro has rebounded after y'day's brief
break of Tue's 1.0707 low to a fresh near 3-month
1.0703 bottom, as 1.0731 has capped recovery, conso
lidation with downside bias remains, below 1.0703
heads to 1.0690/95, then 1.0662/68 later.
Trade fm short side for 1.0695 next n only abv
1.0748 res risks 1.0766/72, abv, 1.0783/88 later.
|
| Rate: |
+1.0695+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.0745 |
| Objective: |
1.0695 |
| Stop-Loss: |
|
| Resistance: |
1.0731/1.0748/1.0772 |
| Support: |
1.0703/1.0668/1.0636 |
|
|
| DAILY GBP/USD OUTLOOK - +1.2500+ |
|
| Update
Time: |
06 Sep 2023 14:13GMT |
DAILY GBP/USD OUTLOOK - +1.2500+
Although cable has rebounded after y'day's break
of Aug's 1.2548 low to a 2-1/2 month 1.2529 bottom,
as 1.2587 has capped recovery, consolidation with
downside bias remains for weakness to 1.2500 but
1.2470/75 may hold today due to loss of momentum.
Trade fm short side for 1.2500 n only abv 1.2595
/00 confirms bottom made, risks 1.2632/42 later.
|
| Rate: |
+1.2500+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2580 |
| Objective: |
1.2500 |
| Stop-Loss: |
|
| Resistance: |
1.2587/1.2613/1.2642 |
| Support: |
1.2529/1.2487/1.2474 |
|
|
| INTRA-DAY USD/JPY OUTOOK - +147.65+ |
|
| Update
Time: |
06 Sep 2023 16:23GMT |
INTRA-DAY USD/JPY OUTOOK - +147.65+
Although dlr's intra-day retreat after 1-tick
break of y'day's 147.80 high to a fresh 9-1/2 month
147.81 peak suggests minor temp. top is made, pre-
sent bounce fm 147.02 has retained bullish view,
abv 147.81 extends to 148.10/15, then 148.40/44.
Trade fm long side for 147.70 1st n only below
147.00/02 risks 146.80/85, then 146.60/65.
|
| Rate: |
+147.65+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 147.15+ |
| Objective: |
147.65 |
| Stop-Loss: |
|
| Resistance: |
147.81/148.15/148.44 |
| Support: |
147.02/146.85/146.65 |
|
|
| INTRA-DAY GBP/USD OUTLOOK - +1.2530+ |
|
| Update
Time: |
06 Sep 2023 13:48GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2530+
As cable has retreated after y'day's rebound fm
a 2-1/2 month 1.2529 low to 1.2587, suggesting reco
very has ended n recent decline wud resume n head
to 1.2500/05, then 1.2487/90 after consolidation
but 1.2470/75 may hold due to loss of momentum.
Trade fm short side for 1.2530 n only abv 1.2595
/00 risks retracement to 1.2613/15, 1.2632/42.
|
| Rate: |
+1.2530+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2580 |
| Objective: |
1.2530 |
| Stop-Loss: |
|
| Resistance: |
1.2587/1.2613/1.2642 |
| Support: |
1.2529/1.2487/1.2474 |
|
|
| INTRA-DAY EUR/JPY OUTLOOK - +158.40+ |
|
| Update
Time: |
06 Sep 2023 13:39GMT |
INTRA-DAY EUR/JPY OUTLOOK - +158.40+
Euro's rally fm Fri's low at 157.06 to 158.25
Mon, then to 158.50 y'day suggests decline fm last
Wed's near 15-year 159.78 peak has made a temp. low
there n as 157.78 has contained intra-day retreat,
upside bias remains n abv 158.50, 157.70/75.
Trade fm long side for 158.40 1st as only below
157.75/78 may risk weakness twd 157.60/65.
|
| Rate: |
+158.40+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 157.90 |
| Objective: |
158.40 |
| Stop-Loss: |
|
| Resistance: |
158.39/158.50/158.72 |
| Support: |
157.78/157.62/157.34 |
|
|
| SPOT SILVER DAILY OUTLOOK - +23.10+ |
|
| Update
Time: |
06 Sep 2023 13:28GMT |
SPOT SILVER DAILY OUTLOOK - +23.10+
Intra-day break of 23.48 (Tue) suggests recent
decline fm 25.01 wud extend twd 23.00/05 but reckon
22.67/71 may hold n yield rebound later.
Trade fm short side for 23.30 1st as only abv
24.00 risks retracement back twd 24.25/30.
|
| Rate: |
+23.10+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 23.80 |
| Objective: |
23.10 |
| Stop-Loss: |
Short at 23.80 |
| Resistance: |
24.00/24.29/24.82 |
| Support: |
23.22/23.01/22.67 |
|
|
| INTRA-DAY USD/CHF OUTLOOK - +0.8891+ |
|
| Update
Time: |
05 Sep 2023 12:28GMT |
INTRA-DAY USD/CHF OUTLOOK - +0.8891+
Dlr's intra-day rally in European morning n
break of 0.8863 (Fri) on usd's strength suggests
re-test of Aug's 1-1/2 month 0.8876 top wud be seen
after consolidation, break extends upmove fm Jul's
8-1/2 month 0.8553 trough to 0.8895/00, 0.8913/18.
Trade fm long side for 0.8891 next n only below
0.88/30/35 risks 0.8810/15, break, 0.8796/00.
|
| Rate: |
+0.8891+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.8841 |
| Objective: |
0.8891 |
| Stop-Loss: |
|
| Resistance: |
0.8876/0.8897/0.8918 |
| Support: |
0.8833/0.8813/0.8796 |
|
|
| DAILY GBP/USD OUTLOOK - +1.2560+ |
|
| Update
Time: |
05 Sep 2023 08:02GMT |
DAILY GBP/USD OUTLOOK - +1.2560+
Although cable's rebound fm Fri's 1.2578 low sug
gests decline fm last Wed's 1.2746 high has made a
temp. bottom, as 1.2642 has capped recovery y'day,
downside bias remains for weakness to 1.2563/66,
then Aug's 1.2548 trough, below, 1.2528/30 later.
Trade fm short side for 1.2560 n only abv 1.2655
/60 risks 1.2685/90, then possibly 1.2710/12.
|
| Rate: |
+1.2560+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2640 |
| Objective: |
1.2560 |
| Stop-Loss: |
|
| Resistance: |
1.2642/1.2689/1.2712 |
| Support: |
1.2598/1.2578/1.2563 |
|
|
| DAILY AUD/USD OUTLOOK - +0.6380+ |
|
| Update
Time: |
05 Sep 2023 06:52GMT |
DAILY AUD/USD OUTLOOK - +0.6380+
Although aud has rebounded after Fri's fall fm
0.6522 to 0.6439 in post-NFP NY, as 0.6480 has cap-
ped recovery y'day, downside bias remains, below
0.6439 wud head to 0.6401/03, then 0.6380 but Aug's
9-month 0.6365 trough shud hold on 1st testing.
Trade fm short side for 0.6380 n only abv 0.6495
/00 risks 0.6522, break, 0.6550/55, 0.6568/71.
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| Rate: |
+0.6380+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.6470 |
| Objective: |
0.6380 |
| Stop-Loss: |
|
| Resistance: |
0.6439/0.6480/0.6499 |
| Support: |
0.6380/0.6365/0.6333 |
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| INTRA-DAY GBP/USD OUTLOOK - +1.2590+ |
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| Update
Time: |
05 Sep 2023 06:29GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.2590+
As cable has retreated after rise fm Fri's 1.25
78 low to 1.2642 in Europe y'day, suggesting reco-
very has possibly ended, below 1.2595/00 adds cre-
dence to this view n heads to 1.2578, then 1.2563/
66, break needed to bring re-test of 1.2548 (Aug).
Trade fm short side for 1.2590 n only abv 1.2642
risks 1.2655/60, abv, 1.2685/90, then 1.2710/12.
|
| Rate: |
+1.2590+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.2640 |
| Objective: |
1.2590 |
| Stop-Loss: |
|
| Resistance: |
1.2642/1.2689/1.2712 |
| Support: |
1.2578/1.2563/1.2548 |
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