R: 1.7526-37 / 1.7563-83
S: 1.7461 / 1.7433-19 / 1.7405
We'd mentioned 1.7469-60 as a substantial Support in the morning today. The Cable has seen an intra-day low near 1.7461 and has bounced back. Immediate Resistance now at 1.7537. If that is cleared, a further rise towards 1.7563-83 may take place.
On the Daily, an uptrend seems to be well in place, but it still needs confirmation on the Weekly. One difference is sure now, that while people would have looked to sell rallies earlier, they will probably be looking to buy dips now.
Order:
Buy GBP 15K at 1.7396, SL 1.7326, TP open
Disclaimer: I decline all potential loss or damage (direct or indirect, material or moral) of any kind resulting from the use of these information.
Contents are for informational and educational purposes only. Whatever you do with, it’s at your own risk and expense.
S: 1.7461 / 1.7433-19 / 1.7405
We'd mentioned 1.7469-60 as a substantial Support in the morning today. The Cable has seen an intra-day low near 1.7461 and has bounced back. Immediate Resistance now at 1.7537. If that is cleared, a further rise towards 1.7563-83 may take place.
On the Daily, an uptrend seems to be well in place, but it still needs confirmation on the Weekly. One difference is sure now, that while people would have looked to sell rallies earlier, they will probably be looking to buy dips now.
Order:
Buy GBP 15K at 1.7396, SL 1.7326, TP open
Disclaimer: I decline all potential loss or damage (direct or indirect, material or moral) of any kind resulting from the use of these information.
Contents are for informational and educational purposes only. Whatever you do with, it’s at your own risk and expense.