Instrument: GBPJPY Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 132.466 with take profit at key level 131.918. Alternative scenario: Buy if price trades above 133.687 with take profit at 134.190. Fundamentals:No major economic data with direct bearing to this pair Comment: This pair has been rejected constantly from a bearish trendline on the …
Intraday: Bearish Technical Analysis Preference: A Sell is in order if prices trade below 133.490 with take profit at 133.071. Alternative scenario: Buy is in order if price trades above 134.344 with take profit at 135.112. Fundamentals:12pm GBP Asset Purchase FacilityMPC Asset Purchase Facility VotesMPC Official Bank Rate VotesMonetary Policy SummaryOfficial Bank Rate Comment: This pair recently got rejected at a monthly key …
Intraday: Bullish Technical Analysis Preference: BUY position is envisaged if price trades above 1.26660 with take profit at 1.26987. Alternative scenario: SELL position is envisaged if price trades above 1.26111 with take profit at 1.25756. Fundamentals:ADP Non-Farm Employment Change (US) 1:15 PM Comment: The Cable has been strengthened in the last set of days and it has eventually broken the …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.21816 with take profit at 1.21492 Alternative scenario: Buy position is envisaged if price trades above 1.22198 with take profit at 1.22358 Fundamentals:GBP Flash Manufacturing PMI 9:30amGBP Flash Services PMI 9:30amUSD Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: The US gained very quickly late …
Intraday: Bearish Technical Analysis Preference: A Sell position is envisaged if price trades below 1.21809 with take profit at 1.21550 Alternative scenario: Buy position is envisaged if price trades above 1.22155 with take profit at 1.22385 Fundamentals:1:30 pm Unemployment Claims (USD) Comment: This pair also started trading bearish after the Fed Chair made a statement clearing all doubts on …
