Breaking below 1.4610 key support late yesterday opens for lower levels. Have one more rising support at 1.4550 and reaction low at 1.4520 that might hold the downside somewhat, but the break of 1,46 level is a bearish signal. Falling resistance coming in at 1.4747 today.
Key resistance today1.4630
Key support today1.4520
Favoured strategy today:Bearish below 1.4630
Big break lower after taking out 2.0490 key support and falling all the way down to 2.0245 key support. The uptrend line from 17 Aug is now broken and this is now resistance at 2.0500. Watch the BoE rate decision closely today as the market has now priced in rate cuts and a no move should be pretty supportive for GBP.
Key resistance today2.0750
Key support today2.0240
Favoured strategy today:Bearish below 2.0500
Technically bearish below falling resistance at 1.1360 (falling trend line from 12th of October). Also have reaction high from 8th of Nov at 1.1344 as resistance. 50% retracement of the 1.1894 â€“ 1.0885 move is at 1.389.
Support/Resistance Res 31.1402
Key resistance today1.1360
Key support today1.1160
Favoured strategy today:Bearish below 1.1360
Still possible for a rally toward 111.70 where the next resistance is located. Sell on any approach of 111.50 with 111.80 stop.
Key resistance today111.70
Key support today109.70
Favoured strategy today:Bullish above 109.70
This pair has been very choppy over the last few days trading inside a 160.20 â€“ 163.82 range and I prefer to trade this range from the long side buy vs. minor support at 160.60 for today. Another option is to sell on any rally towards 163.30 falling resistance.
Key resistance today163.70
Key support today160.20
Favoured strategy today:Bullish above 160.20
As expected it bounced nicely from that 0.7090 level and way higher yesterday, all up to BoE and the interest rate announcement today where it will go next
Key resistance today0.7254
Key support today0.7164
Favoured strategy today:Bullish above 0.7164
Big rally Tuesday after BoC cut rates by 25 bp and the pair broke above the key falling resistance at 1.0176 briefly, but fell back sharply as the day closed. Broke out of the rising trend channel as well Tuesday and overhead resistance could now be support (1.0094) and could bounce near term from this level.
Key resistance today1.0200
Key support today1.0094
Favoured strategy today:Bullish above 1.0094
Major events today (GMT)
09:30UK Manufacturing Production (Oct)
11:00GER Factory Orders (Oct)
12:00Bank of England Interest Rate Announcement
12:45ECB Interest Rate Announcement
13:30ECBâ€™s Press Conference
13:30US Weekly Jobless Claims
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