Half time ranges (Asia ):
EURUSD – 1.2981 – 1.3020
USDJPY – 85.30 – 85.78
GBPUSD – 1.5595 – 1.5649
AUDUSD – 0.9352 – 0.9394
Aussie goods imports fell by 6% in august after a previous increase of 2%. We saw the Aussie come down to 0.9352.
Looks like there was a lot of selling happening on cable from 1.5630 levels down to 1.5600 area. However, Cable managed to hold it’s ground at 1.5580 and the range going into the data release seems to be 1.5570- 1.5650. There are stops building up above 1.5665. So I would actually wait for the data release, and sell once after the stops are triggered above 1.5650.
Lets see how the afternoon goes, and if I get any trades in.
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