We expected a rate cut. However not seen on the market apparently was hurting a weak LIBRA imports, based on feedback from British officials, so it is understood that a weak LIBRA is unwanted. USD / JPY began to rise. It is noteworthy that the USD / JPY recorded highs in 90.05, placed stops in 89.80. Minima were recorded in 89.20. In my view, the USD will drop to the end of the week. Today the U.S.
data and with data on Friday that are expected, possibly together, continue to show the deterioration of the labor sector, which will be negative for the greenback. It is estimated that technical trade will continue to dominate the market, and expects more double-action, while the dollar continues to consolidate. GBP / USD Resistance 3: 1.4730 Resistance 2: 1.4700 Resistance 1: 1.4650/60 New York: 1.4587 Support 1: 1.4320 Support 2: 1.4250/60 Support 3: 1.4200 need one? The pair was firmly in the evening. BCI’s comments to mean that the BCI is not happy with a weak LIBRA. He bought a pair about 1.4550, and highs in the 1.4650 recorded. Any correction is a buying opportunity now. Munear Ashton Kouzbari may also support this cause. It follows a two-way trade and volatility awaits. Several operators are placing short positions.
Technically the pair is trading now. Operating volumes remain low. The level of resistance found in the 1.4720/30, but the stops are placed above. Friday: All times EASTERN (-5 GMT) 4:30 a.m. GBP Manufacturing Production m / m 4:30 a.m. GBP PPI Input m / m 4:30 a.m. GBP Industrial Production m / m 4:30 a.m. GBP PPI Output m / m 7:01 am GBP NIESR Estimated GDP Resistance 3: 1.320/30 Resistance 2: 1.3150 Resistance 1: 1.3080 New York: 1.2845 Support 1: 1.2820 Support 2: 1.2750 Support 3: 1.2700 Comments The pair stood firm. Surely now the pair will remain at 1.2900. The pair followed the LIBRA LIBRA and when the euro was picked up with her, reaching highs in the 1.2900/10 in New York following the announcement that is coming from the ECB. There was a two-way trade. The stops were fired in the area of 1.2800. The pair then fell into the 1.3030 which gives grounds for a possible peak at the 1.3300 test. Sovereign states were observed trading. The technical level remains at 1.3300 and resistance is expected. It is expected that two-way trade. Friday: All times EASTERN (-5 GMT) EUR Trade Balance 2:45 a.m. 6:00 a.m. EUR French Industrial Production m / m German foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction.