Suntan

Suntan

Break and retest of trendline into new supply zone.

Suntan

GBPUSD over extended in short term. Short idea back to breakout point and supply zone.

Suntan

EURUSD Medium term USD +++ Assuming a June hike 3 or 4 hikes for 2017 still on the table Potential balance sheet reduction EUR + Knee-jerk reaction to confirmation of end of QE Actual won't happen until 2018 Unlikely to hike interest rates Result Medium term: Sell

Suntan

EURUSD Short term (up to June ECB/FED combo)

Suntan

Expect 100.000 to be tested again. A daily close below will open up a fast sharp move targeting 95.000

Suntan

1.1140/50 is key area - a break will confirm bearish bias and push price back towards bottom of trading range targeting initially 1.10.

Suntan Updated 

USDJPY looking heavy after a failure to rally much on an NFP overshoot. A lower high was seen around 102 and this area should cap any USD strength before a move towards the big round number 100.

Suntan

I feel AUDUSD is going to retest recent highs at 0.78. Price closed last week on support around 0.765 so the open will be key. A further pullback to 0.756 may be required for the next leg up.

Suntan

In the short term I see new lows being made extending to at least 1.25 maybe lower. From here a base should form with a move back towards 1.35 initially with a longer term extension back towards 1.50.

Suntan

As the US rate hike gets pushed further out I see further upside potential for AUD in the short term. In the longer term I see a continuation of the downtrend to at least the 0.65 level.

Suntan

Expecting further GBP weakness in the short term to push the pair towards 0.88 before period of consolidation. Further BOE easing and rate cuts later in the year could propel the pair even higher.

Suntan

Anticipating a break of 100.000 on risk with an extension to the 84.000 level.