Fundamental

Market is expecting a ‘No Vote’ from Italian referendum. And we might see some changes from ECB as FED hike is coming and there was oil output freeze agreement on OPEC. Higher oil price is appreciated by ECB. Some experts are expecting an extended time on quantitative easing (QE) by another 6 months.

Traders are more concern about December 14 FED rate hike. As FED has limited option but a hike. We should see a bullish Dollar for a longer period.

No changes expecting from RBA and BOC. However weaker GDP can push AUD lower.

Any data that is not negative is positive for GBP.

 

Technical:

(All Candles are D1 Candle and charts are from FxPro, your broker might have a little different price)

 

EURUSD:
Temper: Neutral

 

EURUSD is hovering between 1.0712 and 1.0520. EURUSD must need to break the KEY Support 1.0520 by closing reaction to Short again.

 

GBPUSD:
Temper: Bullish

Half of GBPUSD position hit the first TP at 1.2670 and rest of the position will run till 1.2794. (TP at 1.2790). A technical break at 1.2794 will open door to 1.3075-1.31 (Higher low trendline after Brexit).

 

EURGBP:
Temper: Bearish

 

EURGBP finally broke the Higher Low trendline at last Friday. I will be short again once market open (already taken some on H4). And will run first position till .8253 as .82489 is the First Minor Support and run rest till .8123 as .81165 is the Major Support.

 

GBPJPY:
Temper: Bullish

GBPJPY touched another Resistant 143.217 after 450 Pips profit taking at 138.821.
There would be another great Long opportunity once break another minor/hidden Resistant 145.375 to next Major Resistant 151.633 .

 

AUDUSD:
Temper: Neutral

AUDUSD made another falling wage below resistant .75036 in H4 (previous major Support). AUDUSD next support is .7242.

 

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