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August 5, 2016

Trading signals 05.08.2016

Trading signals 05.08.2016

GBP/USD

Intraday support – 1.3080, resistance 1.3190. The pair is flat ahead of US Non Farm Payrolls report, but likely to go up to 1.3190.

1.3100 level seems quite strong for bears as post-BoE downward pressure failed to break it.

Preffered lot size – 0.2 lot, SL – 1.3100, target  – 1.3190

 

EUR/USD

The pair is likely to turn upwards on risk-averse move ahead of NFP. Intraday support is 1.1080 resistance at 1.1220.

Preferred lot size – 0.1 lot, SL 1.1110, Target 1.1190.

 

XAU/USD

Gold surged after Bank of England decision to cut the rate and extend stimulus program. There can be some correction to $1.360 level but the asset will extend uptrend with next target at $1,370 as Non Farm Payrolls can expand downbeat economic data which has been released in US recently.

Preferred lot size – 0.05 lot, SL $1,360, target $1,370

 

USD/JPY

The pair consolidates near 101 level getting ready for breakout to 100.50 and then to 100 level. Weakening greenback make it comfortable for bears to act.

The signal for pair is SELL, SL at 101.550, Target is 100.50. 

 

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