"Swiss"USD-CHF @ 0.9568/71... Waiting for Jackson's Hole
R: 0.9610 / 0.9700 / 0.9760
S: 0.9565-50 / 0.0.9460

Their has not been much movement today in the markets, though it went down but found support of its 100 EMA on the daily charts which has stemmed the fall it also has established a trend line support on the daily charts. The markets are in a wait and watch mode for the Jackson's ole and would be expected to trade flat till then. We maintain out overall bearish picture on the pair which is expected to slip to 0.9460 on the break of strong below 0.9550. The upside for the pair seems to be capped at 0.9610 which is a good resistance on the daily charts

"Cable"GBP-USD @ 1.5869/72...Bullish
R: 1.5900 / 1.6050
S: 1.5835 / 1.5800 / 1.5650
The pair has broken its 1.5850-00 range just now. The overall picture remains the same and we can expect the pair to move up from here targeting 1.5990 and 1.6050. On the down side it has good support at 1.5765 on the daily charts which is expected to give good support and to cap the down side of the pairHolding:
GBP 10K Long at 1.5789, SL 1.5740, TP 1.5990
"Aussie"AUD-USD @ 1.0335/38...Ranged

R: 1.0375 / 1.0400 / 1.0345 /
S: 1.0300 / 1.0230

The pair moved side ways for the whole day and is trading in the 1.0345-10 range. The pair is as expected moved lower breaking below its 55 EMA on the daily charts, which is currently at 1.0345 and is expected to break on the down side eventually. The pair did manage to get support at 1.0320 and has bounced back which can take the pair towards 1.0345-400 on the upper part of the range again. We would prefer to stay out of the market as of now. The bigger picture is bearish and the pair is targeting 1.0280 and 1.0230 on the down side.Happy Trading!