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With Brexit a big talking point in Economic News, the is chance of further GBP weakening (Good for Exports) and believe we could have Buyers waiting at the 140.00 level, this is an area reach just recently however we have to go back a Year since the last time this area held, Could it do it Again? Some sneeky Seller perhaps waiting in the wings at around the ...
Keeping a close watch on the USD as looks like Sellers are still waiting in the area around 0.6700 Depending on News and Economic Data such as Core Durable Goods Orders and what Fed Chair Powell has to say, these orders could get filled and take price down lower.
For the meantime, price looks to be contained within a channel. For the short term we could be looking for a sell trade with a build up of order at around the 0.8850 area. Depending on the Brexit negotiations (with 9 months to go) and a possible BoE interest rate rise in August, GBP could gain some strength and take price in the downtrend for the long term.
Price for the time looks to be contained within a channel, a big build up of orders looks to be at around the 0.88500 a good place for a sell trade. Depending on how the Brexit negotiations and a possible BoE interest rate rise in August, the GBP could be looking to gain strength in the more longer term and taking price down.
Potential for build up of orders waiting to enter the market at around the 1.5800 area, the could be a good short position for a long down trend. The is a chance of a quick buy trade at around around the 1.56 lev el, however being cautious this could only be very short term.
A quick potential long position could happen before we expect a retracement back to the downside. Some build up of order at around the the 0.7400 area. Or even wait for price to move up and catch the movement for the downturn.
We could be seeing a brief range period until some new events this week, we have what looks like both Buyers and Sellers waiting to make an impact from the news, BOE Governor Mark Carney is due to speak on Thursday at the Mansion House dinner in London along with the Official Bank Rate Release who many expect to stay at 0.5%.
Looking like a build up of Buyers for a potential to trade Long from around the 81.00 area. Waiting patiently to get in to the market. so JPY weakness could help AUD take price to a good price.
If the FTSE does continue to slide in price then we could see a strengthening of GBP so a possible build up of orders at around the 1.3200 area, and an arera which has previously been a supply zone.
Looks like a build up of Sell orders at around the 1.0150 area, Sellers getting their orders in, this week we have some news releases regarding Retail Sales m/m and Core Retail Sales m/m both of which could have an impact on USD strength. SNB Governing Board Chairman Thomas Jordan is due to speak about the Sovereign Money Initiative at a Vollgeld event. With a top ...
We could enter for a Buy trade as the looks to be a build up of Buyers at around the 130.00 zone and all depending on German ZEW Economic Sentiment which could weaken the Euro.
Recent Weakness in the AUD against the JPY has meant a downturn in the AUDJPY, We've placed a Fibonacci Retracement on the chart and the fib lines match up with previous support and resistance, we'll wait for a pull back up to the 0.236 line to go short, if that line breaks we can still have a chance at the 0.382 line.
If the AUD does gain strength against the USD, it could also gain strength against the Euro with a build up of orders at around the 1.5800 level traders will be waiting to get filled.
Looking like a large build up of orders waiting to go Long, however waiting for short term USD strength to bring price down so those orders can get in, then AUD could have strength on it's side.
Looking at a build up of Sell orders waiting to be priced in to the market at the area of 1.5450 to 1.5500
Looking at potential Buy trade with a build up of orders at the 0.7900 level, could be waiting for a retracement in price to those levels for the buy orders to come active.
More opportunities to take quick trades with a build up of both Buys orders at around 88.00 level and Sell orders at around 89.00.
Looking like potential areas of Buy trades at the 1.2200 area as well as the 1.2250 for Sell trades, these may change when the markets open however could become a quick scalp opportunity.