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GBPUSD down on start with broad USD strength


EURUSD Pair
EURUSD grids down slightly after Friday rallies and weekend news of Germany Interior Minister Seehofer’s potential resignation when Merkel brought back migration deal to the table again which driven lower stock as well, yield down and EUR adding some pressure on start of the weel. Today Germany, Eurozone, US manufacturing PMI and US ISM Manufacturing PMI, construction spending together with stock/bond market move will dominate the intraday action. Support at 1.1600 and resistance at 1.1670-80, still prefer sell on rallies with tight stop strategy.

USDJPY Pair
USDJPY grids down from Tokyo top 111.06 gradually with Nikkei down to -2.21% and risk off sentiment driven more YEN cross selling effect. Today US data and stock/bond market move will also have some intraday impact. Support at 109.85 and resistance at 110.80-90, still prefer sell on rallies with tight stop strategy.

GBPUSD Pair
GBPUSD down on starting the week with broad USD strength and down equity effect. Today UK Manufacturing PMI and US data together with stock/bond market move will have some intraday impact, as the market remain to worry for Brexit issues. Support at 1.3070-80 and resistance at 1.3200-10, current level prefer sell on rallies with tight stop strategy.

USDCHF Pair
USDCHF grids down on lower EURCHF as well as some risk off selling after global stock market lowers down. Today Swiss real retail sales and PMI data as well as US data and stock/bond market move will have some intraday impact. Support at 0.9870 and resistance at 0.9935-40, current level prefer sell on rallies with tight stop strategy.

EURJPY Pair
EURJPY around similar level and remove all the gains in Friday as Nikkei -2.21% as well as yield grids down slightly with broad risk off sentiment. Today US data and stock/bond market move will have some intraday impact. Support at 127.85-90 and resistance at 129.10-20, current level prefer sell on rallies with tight stop strategy.

EURGBP Pair
EURGBP grids down slightly after worry for Merkel’s fragile government on potential interior minister resignation news but market also worry for Brexit issues and thus more balance for the cross overall. Today Eurozone, Germany and UK manufacturing PMI will have some intraday impact. Support at 0.8810 and resistance at 0.8880, still expect more sideway consolidation for the cross and prefer in range trading pattern.

Gold Bars
GOLD remain around 1250 handle swinging with broad USD strength still capping any near term topside rebound. Today risk off sentiment will support GOLD on lower side but overall in tight move still. Later US data and stock/bond market move will have some intraday impact. Support at 1245 and resistance at 1255, current level prefer in range trading with tight stop strategy.

Silver Bars
Silver down below 16 with broad USD strength and lower GOLD effect despite risk off sentiment on equity down. UST yield keep steady and today US data and stock/bond market move will have some intraday impact. Support at 15.8 and resistance at 16.25, current level prefer in range trading with tight stop strategy.


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