GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, OILEX LD ORD NPV, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VAST RESOURCES PLC ORD 0.1P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Making lower highs on the bigger time frames. 3 strong resistances to breakthorugh to reach stop loss, good reward/ratio. Forming a doji on the daily resistance on the 4hr. DXY is also on tough support, seeing a rebound in the dollar will force the (EURUSD) down towards target 1.
I will enter this trade only once the retail news has taken place and we started to see a fall in the EURUSD.
July 2 - Update - Short EURJPY -- Trade Entered at 128.85
Original Analysis - June 26 - Below:
The global risk-off move is being fuelled by US President Trump slapping tariffs and trade barriers on two of the world’s biggest economies, China and the EU. And it is against this background that we look to go short EURJPY with the EUR under pressure from tariffs, ...
GBPUSD_Falling from fib
Our bottom line in this week’s NZD/USD Technical Outlook noted that, “The near-term risk is for a larger recovery on this rebound with our focus higher while above 6850. Ultimately a larger recovery should offer more favorable short entries near structural resistance. From a trading standpoint, I’ll favor fading weakness while above today’s low targeting a move ...