with the US market making new gains of about 1.2% charts look set up for some further gains in today and tomorrow trading day. Asian markets are about to open, and they are as well set up for some gains. Nikkei 225 last two days opened with the losses of about 1-1.5% but quickly retraced to much smaller losses. Following the raise in the risk appetite in Europe, and US we believe that risk appetite will give lift off to GBP/USD. Pair is hammering out the bottom in and about 1.5540-70 level, and on the down side it is supported by daily trend line and fib.@1.5577, 23.6% (1.5994 - 1.4459)Slow Stochastic are pointing for the move higher.
Stop is placed at 1.5520 what is bellow recent lows, and target for the top side is 1.5695. Tomorrow (aug.18)we will have release of MPC meeting minutes what should provide more light for the cable direction.
Posts
No comments:
Post a Comment