Yesterday we turned bullish and there's absolutely absolutely no change to the opinion. The movement is deemed. So long as 1.1000 is undamaged, the possibility of a move outside 1.1145 nevertheless seems to be rather significant.
GBP/USD*: Alter from neutral to bullish: Overbought however space to expand farther to 1.2620/ /25. nbsp;
GBP broke above resistances that were strong and enrolled the single biggest profits in 3 weeks. While overbought, the up-move seems to get power to expand farther towards 1.2625, the large found on the afternoon of 'flash accident'. So as to keep the present momentum, any temporary pull-back shouldn't proceed below 1.2350.
AUD/USD: Neutral: At a 0.7540/0.7705 range.
There's absolutely no change to the neutral view for AUD. On the other hand, the near-term prejudice is tilted to the upside though powerful resistances are stacked closely together (in 0.7735, 0.7760). AUD must break over these amounts to signify that a 'break-out'. At the meanwhile, additional sideway trading is likely involving 0.7540 and 0.7705.
NZD/USD*: Bullish: Rally space for expansion to 0.7375.
The prognosis for NZD has turned bullish, as emphasized yesterday. Even though the current rally is over-extended, there seems to be space for expansion to 0.7375. Stop-loss stays unchanged at 0.7220 for today although 0.7250 is probably strong enough to maintain some temporary pull-back.
USD/JPY: Neutral: Crucial service at 102.50.
USD touched a low of 102.54 yesterday, holding just over the important support signaled at 102.50. Regardless of the general negative undertone with this particular pair, a continuing move below 102.50 appears unlikely (another support is nearer to 102.00). Nevertheless, only a return over 104.00 would indie the instant downward pressure has eased.
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