GetBusy88

GetBusy88

DAILY CLOSE WAS OUT SIDE THE CLOUD SUPPORT. JUNE LOWS IN VIEW. 93.70 BOJ TOMO, EXPECTED POLICY UNCHANGED. HEAD AND SHOULDERS SET UP IN PLAY IF WE MOVE TOWARDS 90.00.

GetBusy88

GREAT DATA OUT OF THE UK RECENTLY. GBP+++ QUARTERLY INFLATION REPORT FROM BOE TOMO GBP TRADES STUDY: bit.ly IF NO FORWARD GUIDANCE FROM CARNEY GBP POPS HIGHER. IF EXPLICIT GUIDANCE WE WILL SEE INITIAL BLIP LOWER, POSS TO CHANNEL SUPPORT. SIGNALING EASY MONETARY POLICY IN AN UP SWING IS LIKE ADDING FUEL TO THE FIRE, GBP+

GetBusy88

KEY REJECTION AT CLOUD RESISTANCE. THAT KEY CLOUD RESISTANCE GOES ON FOR A COUPLE OF WEEKS. CLOUD SUPPORT AT 81.10 ON THE WEEKLY ONLY DOWNSIDE FOR THE NEAR-TERM. DON'T THINK IT WILL BREAK RECENT RANGE. LOOK TO LOAD UP ON USD INTO DEC TAPER.

GetBusy88

Major cloud support on the 1H chart. Recent test of cloud support on the 4H. Looking to test the upper end of the recent range of consolidation. Good data out of the EZ recently, combined with the dovish Fed and crappy NFP number combine for strong EUR/USD. Well for a couple of hours anyways...

GetBusy88

Good US data is good for the US closed above cloud for the first time in a long time..

GetBusy88

Could be setting up for some USD weakness ahead of Big Ben!!!

GetBusy88

overbought from yesterday

GetBusy88

looks like we need a test of the larger trend line around 129.40

GetBusy88

gonna go have a look at EURJPY now

GetBusy88

will be updated on the regs

GetBusy88

price sitting at lower end of recent channel. a break and close below would be bearish.

GetBusy88

Could be a squeeze on...

GetBusy88

patience is a virtue, wait for either a break and hold above 1400 or a break lower through trend for confirmation on direction

GetBusy88

a hold of 1.29 is important!!

GetBusy88

minor H&S potential.

GetBusy88

THE REST OF EUROPE IS FINE FOR NOW

GetBusy88

RETEST OF TREND LIKELY

GetBusy88

everyONE aboard the rate cut call train.....