DAY TRADE - EXPIRES AT 9PM UK
Trade Idea
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12400.
There is scope for mild buying at the open but gains should be limited.
Continued upward momentum from 12195 resulted in the pair posting net daily gains yesterday.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell at 12400
Stop: 12480
Target 1: 12130
Target 2: 12000
Trade Idea
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12400.
There is scope for mild buying at the open but gains should be limited.
Continued upward momentum from 12195 resulted in the pair posting net daily gains yesterday.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell at 12400
Stop: 12480
Target 1: 12130
Target 2: 12000
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