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USDJPY coming down despite of higher DJI and Nikkei


EURUSD Pair
EURUSD continues to go higher with further short covering on some relief sign for Italian situation but cautious remain as Spain’s Rajoy also face with no-confidence vote. Today US jobless claims and Personal Income/Spending as well as Trump administration announcing whether to impose tariff on Steel and Aluminium products from EU today, still a risk sentiment dominate the move with EUR cross directing the action. Support at 1.1640-50 and resistance at 1.1750, still to prefer keeping buy on dips with tight stop strategy.

USDJPY Pair
USDJPY coming down gradually despite of both higher DJI and Nikkei and risk off sentiment remain capping any topside running in near term. Today US data and stock/bond market move will have some intraday impact. With support at 108.2 and resistance at 108.90-00, still to prefer sell on rallies with tight stop strategy.

GBPUSD Pair
GBPUSD higher gradually on further short covering and broad USD correction effect. Today UK house price index goes lower but have nothing much impact. Overall risk sentiment remain to dominate the short term movement. Today US data and stock/bond market move might have some intraday impact. With support at 1.3260-70 and resistance at 1.3380, still prefer keeping buy on dips with tight stop strategy.

USDCHF Pair
USDCHF down gradually with risk off selling and broad USD correction effect. Steady EURCHF cross driven more correlation move linked with EURUSD. Today US data and stock/bond market move will have some intraday impact. With support at 0.9820 and resistance at 0.9930, still to prefer sell on rallies with tight stop strategy.

EURJPY Pair
EURJPY grids higher on some correction run after support around 125 hold and with the correction of EUR effect despite of gradually lower USDJPY. Today risk sentiment remain the focus and US data and stock/bond market move will also have some intraday impact. With support at 126.80 and resistance at 127.50, still to prefer in rage trading with tight stop strategy.

EURGBP Pair
EURGBP higher gradually with more short covering after holding firm around 0.87 handle. Also some month end demand supports the cross on lower side. Today US data and stock/bond market move will have some intraday impact. With support at 0.8750 and resistance at 0.8850, still prefer keeping buy on dips with tight stop strategy.

Gold Bars
GOLD higher on risk off sentiment despite of some relief on Italy situation and higher stock market performance. But overall cautious pace with USD correction also helping the recovery of GOLD. Today month end flow together with US data and stock/bond market move will have some intraday impact. With support at 1300-02 and resistance at 1308 and 1315, still prefer keeping buy on dips with tight stop strategy.

Silver Bars
Silver higher on the same direction with GOLD and the broad USD correction adding more support for Silver. Risk sentiment remains fragile and today US data and stock/bond market move will have some intraday impact. With support at 16.4 and resistance at 17, still prefer keeping buy on dips with tight stop strategy.


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