The GBPJPY inside bar installation discussed in comment yesterday came up on the week's closing price might derive higher. in half 134.00-135.00 from here.
The GBPUSD broke above resistance near 1.5740 today. This break seems strong and to move back up to employ 1.6000 is possible, a rotation lower Back down to 1.5740 could be viewed as a possible acquisition opportunities awaiting price action, as this level probably will become solid support.
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Comment:
Today the dollar lost ground to the other disciplines such as risk appetite improved on the back of positive economic data.
Japanese Yen also weakened today but still managed to gain some modest ground on dollar and Swiss franc, which were the weaker currencies today.
The Dow rose 197.84 points today or 1.86%, S & P 500 added 23.82 points or 2.12%, Nasdaq rose 54.14 points or 2.33%.
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