GBPUSD: Consolidates With Upside Bias... The outlook in GBPUSD remains neutral with risk to the upside, support comes at the 1.3092 levels while resistance comes at the 1.3283 levels. On the upside, above 1.3283 restores the upside momentum and target 1.3420 levels, further upside, resistance comes at 1.3530 levels.
EURUSD: Faces Pullback Threats... The EURUSD remains in a pullback mode as long as 1.1938/1.1875 resistance holds on a daily closing basis, and further down couldn't be ruled out. Support comes at 1.1800 levels. A cut-through support will extend the pullback to 1.1689 levels, further down, support comes in the 1.1625 levels.
Retail Sales fell by 1.2%, from 8.4% a month earlier, missing a forecast of 1.9%. (Negative for the U.S.S). Core Retail SalesĀ also fell by 1.9%, from 8.3% in the previous month. Passing a forecast of 1.3% in the last month. (Positive for the U.S.D). This development is likely to keep the market in the current...
WTI Oil: Consolidates With Upside Bias....Gold: Bearish Despite Recovery Attempts...Silver: Recovers With Caution...
USDJPY: Bullish, Risk Turns To 107.35 Levels... The USDJPY remains on the upside as long as 106.67/105.87 support holds on a daily closing basis. Resistance comes at 107.35 levels. A halt is likely, it may test 106.67 before attempts to break higher or (It may top around 107.35 levels). Anyway; above 107.35...
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