FXMarketAlerts Team
FXMarketAlerts
Published at 12:35 (GMT) 28 Oct
28 Oct GBP/USD Daily
12::30 GMT - A fairly brisk response from around Mon.'s low is pushing ahead now to test Mon.'s high. GBP will now either be accepted above 1.6130 soon to open upside to 1.62/ last week's high. Cut back through 1.6125~ shortly weakens again (to neutral today.) [NR]
R5: 1.6340~ 25-Sep high
R4: 1.6285 30-Sep high
R3: 1.6250~ 1, 2-Oct highs
R2: 1.6225 * 9-Oct high
R1: 1.6185 * 20, 21-Oct highs
S1: 1.6075 Mon low
S2: 1.603 Fri high volm
S3: 1.5995 * 23-Oct low
S4: 1.5875 ** 15-Oct/YTD low
S5: 1.5852 ** 12-Nov-13 low
Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte ("4Cast"). The material shall not, under any circumstances, be reproduced or distributed in whole or part without the prior written consent of 4Cast.
The material in this report is based upon information which 4Cast considers to be reliable and the analysis and opinion in the material represents the view of 4Cast at the time of transmission (unless stated otherwise). Such analysis and opinion is subject to change without notice. The material is intended for use by parties knowledgeable and experienced in the financial sector and is only one source amongst others to be considered in carrying on their business or activity.
ACCORDINGLY 4CAST MAKES NO REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED STATUTORY OR OTHERWISE (INCLUDING BUT NOT LIMITED TO) THE ACCURACY OF THE MATERIAL IN THIS EMAIL AND ON THE WEBSITE OR THE FITNESS FOR PURPOSE AND ALL SUCH REPRESENTATIONS AND WARRANTIES ARE HEREBY EXPRESSLY EXCLUDED.
4Cast does not give or purport to give investment advice. Any action taken by users on the basis of material on this website is entirely at their own risk. Independent investment advice should be sought where appropriate.
This email and the website may link to or be linked to other internet sites. 4Cast does not accept responsibility for the content of such other sites.
4Cast’s terms and conditions of business apply to all fee paying subscribers and authorised trial users.
Recommended Content
Editors’ Picks
AUD/USD remains firm above 0.6600 ahead of RBA
AUD/USD maintains its bullish bias well and sound on Monday, extending the multi-session recovery past the 0.6600 barrier ahead of the key interest rate decision by the RBA.
EUR/USD keeps the constructive tone near 1.0800
EUR/USD started the week in a positive note amidst the Dollar’s inconclusive price action, altogether motivating the pair to attempt a move to the proximity of the 1.0800 region, where the 200-day SMA also converges.
Gold holds on to modest gains around $2,320
Gold trades decisively higher on the day above $2,320 in the American session. Retreating US Treasury bond yields after weaker-than-expected US employment data and escalating geopolitical tensions help XAU/USD stretch higher.
Bitcoin price holds above $63K as MicroStrategy tops BTC ownership list
Bitcoin (BTC) price recorded a rather bold two days this past weekend in a surge that saw millions in positions liquidated. However, the week is off to a calm start with altcoins sucking liquidity from the BTC market.
Stagflation warning: Service economy contracts as prices rise
In another stagflation warning sign, the U.S. service sector contracted in April even as service prices rose. The Institute for Supply Management's non-manufacturing PMI dropped to 49.4 in April, dipping from 51.4 in March.