Cable has encountered tough resistance @1.6165(as observed on daily) and seems to be unable to continue its upward move at the moment. 1.6165 is also the high of October 2011. I wouldr love to see the main move of the week be changed to down (break of 1.6075) and therefore be able to enter intraday shorts or even an intraweek short. We are almost at month end and so we should see how this pair behaves into next month. There is also some confirmed bearish MACD divergences on M30/H1 targeting 1.6020 at least.
AUDUSD has a potential entry on the pullback (short) while it reaches out close to the weekly high. There is also a trendline right into that vicinity. Lets keep our fingers crossed.
GBPUSD resistance on the daily chart.
Divergence observed on the H1 TF. Also observed on the M30 TF.
Great to see you back.
ReplyDeleteYou're a brave dollar bull...me too.