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EURGBP down 0.8695 but recovers with EUR cross rebound


EURUSD Pair
EURUSD recovers in Asian session after Italy yield coming down with some short covering on EUR and EUR cross, as well as technical rebound remains despite uncertainty for Italy will still capping the topside in short term. Today US trade balance, Q1 GDP, Price index and ADP data as well as stock/bond market move will direct the intraday action. With support at 1.1510 and resistance at 1.1640, still to prefer buy on dips with tight stop strategy.

USDJPY Pair
USDJPY around similar level from yesterday despite of lower DJI and Nikkei with risk sentiment remains fragile. But some short covering on JPY cross after Italy situation calm down slightly. Today US data and stock/bond market move will have some intraday impact. With support at 108.50 and resistance at 109.30, still to prefer in range trading with tight stop strategy.

GBPUSD Pair
GBPUSD recovering off the overnight low of 1.3205 and some short covering on GBP cross earlier as well. Today US data and stock/bond market move will direct the intraday action. With support at 1.3200-10 and resistance at 1.3320-30, still prefer the buy on dips with tight stop strategy.

USDCHF Pair
USDCHF around similar level from yesterday and risk sentiment stabilize a bit in Asian session and EURCHF stays around 1.15 handle movement will limit the move for USDCHF in short term. Today US data and stock/bond market move will have some intraday impact. With support at 0.989 and resistance at 0.995, still prefer in range trading with tight stop strategy.

EURJPY Pair
EURJPY dips down to 124.65 before recovering overnight on short covering and technical rebound. Italy bond yield coming down and situation calms down slightly driven some profit taking rallies. Today Eurozone confidence data, US ADP data, trade balance, Q1 GDP and price index as well as stock/bond market move will have some intraday impact. With support at 125.50 and resistance at 127.00, still to prefer in range trading with tight stop strategy.

EURGBP Pair
EURGBP dip down to 0.8695 overnight before recovering with broad EUR cross rebound effect. Today Eurozone confidence data and Italy situation development will direct the intraday action. With support at 0.87 and resistance at 0.878, current level prefers keeping buy on dips with tight stop strategy.

Gold Bars
GOLD lower gradually after Italy situation claim down slightly despite US stock down and UST yield lower effect. Uncertainty in Italy and tension with US/China trade disputes remain support the GOLD on lower side. Today US ADP data, Q1 GDP, trade balance and stock/bond market move will direct the intraday action. With support at 1293 and resistance at 1305, still prefer the buying on dips with tight stop strategy.

Silver Bars
Silver lower slightly in the same direction with GOLD but overall risk off sentiment remains to support the Silver on lower side. Today GOLD and broad USD move will still direct the Silver move. Also US data and stock/bond market move will have some intraday impact. With support at 16.25 and resistance at 16.75, still prefer buy on dips with tight stop strategy.


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