Technical Outlook

Fresh risk appetite drives the pair above 108 barrier

The pair extends advance above 108 barrier on Friday, fueled by fresh risk appetite on optimistic news from US/China trade talks. Bulls eye key barriers at 108.47 (18/19 Sep double-top / 1 Oct spike high / near 50% retracement of larger 112.40/104.44 descend and weekly Kijun-sen), break of which would spark fresh bullish acceleration. Daily…
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Cable surges above 1.2500 on fresh Brexit optimism

Cable broke above 1.2500 barrier in fresh acceleration on further optimism over Brexit deal after meeting of chief Brexit negotiators, following brief dip to 1.2407 on pessimistic comment from EU Tusk, who said that the deal may be possible but no guarantee of success. Pound kept positive tone and subsequently rallied to 1.2543, keeping in focus…
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Bounce from key supports eyes UK data for fresh signals

Cable jumped in early European trading on Thursday, dragged by higher Euro on renewed hopes of US/China trade deal, after holding within tight range in Asia. Wednesday’s strong upside rejection and close in red pointed to strong fears of no-deal Brexit scenario, but key 1.22 support zone still holds and Wednesday’s inverted hammer might signal…
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