FX Outlook For Monday
FX Outlook for Monday
Dollar Index (DXC)
There is a nice confluence of technical support at 86.48 which should hold well
in the event of a pull-back.
Intra-day models show that we could have some sideways/corrective prices over
the next 12-24 hours as a Wave 5 completion on Friday should signal such an
outcome
GBP/USD
For those looking to play a possible counter-trend intra-day move, GBP/USD is
looking poised to trade higher on a break above 1.8300, while we would expect
upside to be limited to 1.8325-40 it would represent a nice pick-up regardless.
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As always, feel free to send me your comments and
questions.