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GBPUSD up gradually in effect of retracing broad USD


EURUSD Pair
EURUSD in rebound with broad USD retracement with steady stock and UST yield as no US data driven some technical adjustment. Today ECB’s Mersch, Lautenschlager, Praet and Coeure speech will have some intraday impact. With support at 1.1930 and resistance at 1.2000 and 1.2020, still prefer in range trading with tight stop strategy.

USDJPY Pair
USDJPY remains in similar levels from last Friday and no incentive for moving either side despite both DJI and Nikkei went higher slightly. But stable US treasury yield and rather technical driven move remains. Today lack of US data and Fed’s Bullard speech and stock/bond market move will have some intraday impact. With support at 109.10 and resistance at 109.80, still to prefer in range trading with tight stop strategy.

GBPUSD Pair
GBPUSD up gradually on broad USD retracement effect. But the move still orderly and lack of key driven factor with steady stock and US treasury yield as well as no US data will see more technical driven market. Tomorrow UK job data might have some hints for next direction. With support at 1.3535 and resistance at 1.3620, still to prefer in range trading with tight stop strategy.

USDCHF Pair
USDCHF retraces down slightly and back below parity level with broad USD retracement effect. And higher EUR will add some pressure for USDCHF as well. Today no US data and Fed’s Bullard speech as well as stock/bond market move will have some intraday impact. With support at 0.9950 and resistance at 1.0000, still to prefer in range trading with tight stop strategy.

EURJPY Pair
EURJPY higher gradually with steady risk sentiment and both DJI and Nikkei higher effect. Today lack of US data and Fed’s Bullard speech, ECB’s Mersch, Lautenschlager, Praet and Coeure speech as well as stock/bond market move will have some intraday impact. With support at 130.60 and resistance at 131.30, still prefer the in range trading with tight stop strategy.

EURGBP Pair
EURGBP grids up slightly on steady risk sentiment and broad EUR cross higher effect. Today lack of US data and higher stock market will have some support for the cross. No US data and ECB’s members speech and stock/bond market move will have some intraday impact. With support at 0.8790-00 and resistance at 0.8840 and 0.8880, still to prefer buy on dips with tight stop strategy.

Gold Bars
GOLD around similar level from Friday and sideway consolidation pattern continuation with steady stock and US treasury bond market driven more balance move on either side. Today no US data and Fed’s Bullard speech as well as stock/bond market move will have some intraday impact. With support at 1318 and resistance at 1326, still to prefer buy on dips with tight stop strategy.

Silver Bars
Silver also around similar level from Friday and basically remain to follow broad USD and GOLD direction. Today no US data and a slow starts is expected. With support at 16.60 and resistance at 17, still to prefer buy on dips with tight stop strategy.


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