Bintang

Bintang

GBPJPY has ticked the box for a technical breakout but the negative sentiment toward GBP following Brexit and the continuing Yen strength hold us back. We have UK jobs data up at 09:30, we would look o trade in the direction of the move on the back of that print. Downside looking for 130.00 and below but doubt we will see a stretch to 129.00 unless data is...

Bintang

Just buying support...

Bintang

CADJPY trading in a similar 'funk' as other JPY pairs, the correlation with the buoyant equity market is loose and price looks pressured, a break one way or the next is due, we favour building longs above 77.00 with similar bias on AUDJPY, NZDJPY and EURJPY

Bintang

GBP has been taking the brunt of the selling, the CPI data gave it some reprieve today and tomorrow employment data could add to the squeeze on shorts. The snap above 1.3000 in GBPUSD and EURGBP looking to consolidate add for reasons to see a bullish break out of this descending channel.

Bintang

Selling interest seen into the 10,800 level yesterday, another move lower below today's low could see move to 10,440, will look toward 10,300 depending how strong the move looks

Bintang

Not yet... USDCAD has been trading on the backfoot following Friday's poor US retail sales data and the current strength in oil, we think it is too early for this pair to break 1.2900 and see another range higher still on the cards. We would look at longs on a move out of the current downward momentum, above 1.2950 and would add in above 1.3000 which is key level...

Bintang

The uptrend in AUDCAD has been impressive so far but we now expect at least a modest pullback to 0.9980 - 1.0000 area before the next decision to be made. Trade in direction of the break of the recent range, our bias is for an initial downside move

Bintang

EURAUD trading back at previous support line now having broken the downward momentum, some more upside is required before confidence in longs can be established. The RBNZ up later will be a factor, 1.4500 being watched closely

Bintang

EURAUD broke the lower range support we were previously buying from but is now looking to break the current downward channel. The lack of JPY participation in the current DAX (and general equity) rally causes concern that these gains are unsustainable, EURAUD position as risk on risk off indicator makes it a viable lead in where we can expect the DAX could head...

Bintang

AUDJPY looks to be making a move to break out of the down trend, AUD has been well bid lately and while it looks toppy against CAD & USD we have room for upside here and in AUDNZD. Keeping an eye on the 200 HR MA for confirmation

Bintang

USDCAD was the king of the market on Friday with a killer NFP on one side and a dismal Canadian jobs print on the other. We still room for another move down while we trade below 1.3350 and would look at this as last chance before a move over 1.3500, buy dips, cautionary shorts from 1.3350 and look to buy the channel break

Bintang

The Canadian data on Friday saw this pair pop to the upside and hold near the highs into the close, there is some more room for further gains but I'd rather wait for a move short to play the downside. 0.9980 is currently the break short level having shown strong support going into Friday

Bintang

Little need for technicals when the equity market is pumped for higher, a weaker GBP, further QE and global uptrend will see this trade back to the 7000

Bintang

EURNZD provides a good opportunity this week with the RBNZ ahead, despite generally good data market participants appear to be pricing in a cut, with the RBA's move this week we were reminded that wasn't necessarily a bearish call. Indications of future moves will be key for the direction in this pair, we currently favour a longside move but will follow the breaks...

Bintang

AUD managed to fight off the NFP flows that saw EUR & GBP sink against the greenback, but previous lows was held in EURAUD and provides a strong risk reward opportunity to buy this back toward the range highs. A break lower, below Friday's low would cause us to shift strongly bearish as we break a major support area

Bintang

AUDUSD has been steadfast in the face of the RBA's rate cut and the knock NFP number but we expect it fall back now toward the 0.7500 level. On the horizon we do not see anything that is going to take this pair into a outright bearish move toward 0.7000 so expect range play with a current preference for an upside break. Monday should see relied from Friday's...

Bintang

EURGBP looks to have made a failed break with its move toward 0.8500 and subsequent rejection, ahead of super thursday we would discount technical break down and position for a break of today's range to signal the next larger move,

Bintang

Ahead of the Bank of England tomorrow GBPAUD looks like it has some big potential, failing to convincingly move post RBA tomorrow should be it's breaking point