Daily Fx Views
Eur still holding the range of 1.5750 and 1.5640...... still very rangish.
However, holding to our weekly views (see below) I recommend selling arnd 1.5730/50 stop 1.5790 with target of 1.5670/40
French and Italian IP due today
Gbp/Usd....... once again breaked into previous range of 1.9850 and 1.9700. I dont see it going above 19850/75 hence i recommend selling arnd 1.9830/50 stop 1.9880 with target of 1.9750/25....cld buy arnd these lvls......
Bank of England Int Rate decision today...... need to watch out for their focus on Inflation and/or Growth..... no change expected on interest rates....
Usd Jpy ..... again holding... onto the lower end of the channel arnd 106.65/75...... I recommend buying around 106.80/90 stop 106.50 tgt of 107.40..... however convincing break of 106.50 would change our intra day views
Eur/Gbp again piercing back into previous range (flag) of 0.7950 and 0.7885 hence recommend selling arnd 0.7945 with stop of 0.7965
Note :Eur/Gbp very close to the last half of triangle formation........ hence my view that we could see euro/gbp breaking the range........
Have a good trading day!!!!
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