VAST RESOURCES PLC ORD 0.1P, PHOTONSTAR LED GROUP PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, UNION JACK OIL PLC ORD 0.025P, MOTIF BIO PLC ORD 1P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
EURUSD has bounced of the 1.25 handle twice and has formed a double top. The setup is already in action with the first leg almost completed at 1.234. Assuming news for the USD will be positive this afternoon, an extension to TP 2 and TP 3 is possible. TP 2 1.208 TP 3 1.197
USDJPY has failed to cross through the 107.8 for the third time now. This has resulted in a Triple top formation on the 4h chart. I'd expect the pair to range back down to the bottom of the range to 105.6 with a potential extension to the bottom of the current trend channel at 104.4 TP 1 105.6 TP 2 104.4 SL 108.0