Long Position above 1.1740 with targat at 1.1800
Sulman's Blog
GBPUSD DOWN NEXT MONTH
GBP/USD has resistance at 1.3950 and moving averages are turning down. Hence, we expect a dip back to 1.3600. Above 1.3950 to open 1.4050
EURUSD DOWN NEXT MONTH
EUR/USD has resistance around 1.22500 but moving averages are bullishly alligned. Hence, a break above 1.2300 is likely to open 1.2371. That said, while below 1.2200 we still expect a dip to 1.1990
AUDUAD UP MOVE
AUD/USD has support at .7782 and MACD seems over extended. Hence, we expect a short-term bounce to .7842. Below .7782 to open .7980
USDJPY DOWN MOVE
USD/JPY has resistance at 107.89 and momentum is still bearish on the daily chart. Hence, we may see a dip to 106.74. 105.50 to open 105.00
GBPUSD UP MOVE
GBP/USD has resistance at 1.4080 and moving averages are turning down. Hence, we expect a dip back to 1.3840. Above 1.3950 to open 1.3986
EURUSD UP MOVE
EUR/USD has support at 1.2248 and MACD is turning up from the oversold area. Hence, we may see a bounce to 1.2322. Below 1.2448 to open 1.2560 area
USDJPY UP TTEND
USD/JPY has resistance around 110.97 and moving averages are turning bearish. Hence, we expect a dip to 109.90. Above 110.97 to open 111.71
GBPUSD DOWN
GBP/USD continues to remain bullish but MACD has diverged. Hence, while below 1.3975 we expect a dip to 1.3765
EURUSD DOWN
EUR/USD has resistance around 1.2300 but moving averages are bullishly alligned. Hence, a break above 1.2300 is likely to open 1.2371. That said, while below 1.2300 we still expect a dip to 1.2111