USD-CHF @ 0.9125/28...Ranged with bearish bias
R: R: 0.9180-200 / 0.9263 S: 0.9100 / 0.9080 / 0.9030-00
Dollar-Yen is ranged between 0.9110-40 since the morning. Our view remains the same. With lack of strength to bounce back strongly, we expect further downmove in the coming sessions. 0.9080 will be a significant Support level to be watched below 0.9100 and a strong break below it would trigger further down move to 0.9030-00. But however, remember that the 0.9100-9250 sideways range is still in place and a sharp bounce to the upper end of this range from here cannot be completely ruled out. Holding: USD 10K Short at 0.9220, TSL 0.9165 (down from 0.9160), TP 0.9030 As soon as the market trades 0.9100 bring TSL down to 0.9155 and as soon as the market trades 0.9080 there after bring TSL further down to 0.9120
GBP-USD @ 1.5880/83...Can rise to 1.6000-30
R: 1.5900 / 1.5935 / 1.6000 S: 1.5875 / 1.5825-00
Cable fell from its high of 1.5929 to 1.5870 and is bouncing back from its low now. We need to see a strong bounce back above 1.5900. As of now we do not see any immediate downside threat and we remain bullish for a rise to 1.6000-30. However, if it fails to rise above 1.5900 now, then there could be chances of testing 1.5820-00 on the downside. We will have to wait and see. As of now we are exiting the Long position entered in the morning.
Exit Trade (at the time of writing): Exit (SL) at current level the GBP 10K at Long entered at 1.5911
AUD-USD @ 1.0827/30...Bullish
R: 1.0845 / 1.0885-900 S: 1.0800 / 1.0750
Aussie remains higher and flat. With no significant move seen on either side during the day, our view remains the same. The bullish outlook remains intact and a further rise is possible in the coming sessions. Immediate Support is there at 1.0800 and then significant Support is seen near 1.0750 which is expected to hold if a pull back below 1.0800 is seen during the day. Holding: AUD 10K Long at 1.0827, SL 1.0740, TP 1.0865 Happy Trading!