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Showing posts from September, 2017

#eurusd upside capped at 1.1890$

At the beginning of the week , i recommended selling the euro after closing the gap on monday at 1.1935$ The pair hammered to 1.1716$ , my recommendation was to book profits at 1.1770$ , Now I recommend going long at current levels between 1.1735-50$ targeting 1.1770$ , 1.1830 and finally 1.1890$  ... Any close below 1.1730 area would send the pair to 1.1650$

GBP/USD : no closing above 1.3210$

Cable / sterling is not able to close any 4h candle bove 1.3210$ , despite the 300 pips rally..the bullish is losing strength and we might see a reversal to 1.2980$ area .. If the pair manages to close above 1.3210$ , then we will be heading to 1.33 and beyond. It is recommended going short anywhere near 1.32$ targeting 1.3130$ , 1.3060$ and finally 1.2980$

Usd recovering against the board

The dollar has been regaining some strength since friday noon. Usdjpy has recovered 100 pips from 107.30Ā„ ...the pair might face some tough resistance at current area, however i think we might be heading towards 110.80Ā„ soon. Resistance area can be found at 108.40 followed by very tough resistance at 108.80Ā„. If broken , we will have clear way to break the medium term downtrend andstart building new bullish trend targeting a break above 115Ā„ in the medium term. I am on the side of that reversal scenario unless we see a decisive break below 106Ā„ on daily or weekly close.