Analyst
Intraday: Bearish
Preference: Sell position is envisaged if price trade below 133.490 with take profit at 133.071.
Alternative scenario: Buy position is envisaged if price trades above 134.344 with take profit at 135.112.
Asset Purchase Facility (GBP) 12 pm
MPC Asset Purchase Facility Votes (GBP) 12 pm
MPC Official Bank Rate Votes (GBP) 12 pm
Monetary Policy Summary (GBP) 12 pm
Official Bank Rate (GBP) 12 pm
Comment: This pair recently got rejected at a monthly key level resistance. On the 1hr chart, it broke below the support, came back to retest the support turned resistance level, which in turn rejected the GBPJPY pair early this morning. A sell trade is envisaged for the early hours of today, till the news on MPC rates gets released by 12pm today.
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 25764 with take profit at key level 25446.
Alternative scenario: Buy position is envisaged if price trades above 26050 with take profit at 26314.
No major economic data with a direct bearing on this index
Comment: This index prior to today was ranging at a strong key level, however, it broke past the support level and traded higher to retest the level. It is envisaged that this pair gets rejected and continues trading bearish; furthermore, the mixed sentiment in the market and the spike in new COVID cases is putting more fears into investors decisions, hence, a bearish move is supported on US30
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