Market was very choppy in the morning and we remain idle.
American news offered some volatility and a big whipsaw in usdjpy.
We took a scalp after the news in calm waters in eurjpy which hold the key support.
Currently 137.29 running into a few offers but demand into 137.00
Offers 137.60 137.80 138.00 138.30 138.50 138.85 139.00
Bids 137.20-25 137.00 136.80 136.50 136.00
the Three pairs we trade main charts today
The GBPUSD rallied yesterday after previous day’s brief rotation lower. We have been calling the GBPUSD long on pullbacks for a number of weeks now and we are still very bullish on this market. If you’re not already long, you can continue to look to be a buyer on any weakness whilst price is above that key support zone down between 1.5535 – 1.5465. We see the potential for price to break up and move higher in the coming weeks and re-test the highs up near 1.5920 area.