End of Day Technical Analysis Report for:
► EUR/USD: as discussed yesterday, 1.0800-1.0820 key support area has now been reached and indeed today price met with some demand. The day ends in a small body candle closing back above 1.0870 again. Stand aside and see if we get a bounce here.
Technical Recommendation: Stand aside. Price at key support.
EURUSD – DailyBack to Top
► GBP/USD: yesterday we went STTS Short just after posting the Daily Report and today we, together with our STTS subscribers, were rewarded by a collapse as the Bank of England indicated it remains on a cautious footing on the timing of the first interest-rate increase. Our first target was hit intraday and as of the close price is on its way to our second target.
Technical Recommendation: Short. T1 hit intraday (+143 pips Realized). Remainder currently +180 pips.
GBPUSD – Daily
Technical Recommendation: Stand aside. Price at key resistance. USDJPY – DailyBack to Top
Technical Recommendation: Looking to go Long on a pull back. SP500 – Daily
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