Posted by: joetradingplace | July 31, 2012

Daily Analysis 31/07

Keeping my eye on aussie and kiwi…will buyers sustain the uptrend?…am looking for shorting opportunities in these markets. Am still short usdcad…but waiting for PA to close my short and buy…if price breaks above 1.0050 pivot…i will be looking to buy.

Eur has bounced off the 2315 pivot…we broke the pivot to the upside last week, but buyers failed to sustain price above it…now we are trading below it, we have retested it and now we are falling…so we are more likely to see price fall, as long as we keep trading below the 2315 pivot…vice versa for the swissy (pivot it 9750).

Cable and gbpjpy has more room to fall…there is that liquidity gap formed last week which is more likely to filled.

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