On Friday's weakness of USD dollar the pair moved to growth. Quotes gained to the level of 1.1430 - this is a strong resistance zone. The pullback will send the market to local support zone 1.1400. However, the main support level is located around 1.1365.
Trading recommendations- purchases 1.1360 and 1.1400
High volatility persists in GBP / USD market. The pair is trading around 1.2715. The nearest resistance is located around 1.2775. Support level is the lower limit of the formed range, a mark of 1.2650. It is still difficult to say anything defined on the British currency, the risks for this market are too high, we remain out of the market as this week will be volatile for this market.
Trading recommendations - out of the market
The breakthrough of support level 0.7340 happened on the background of USD dollar gains as the market decline to the area 0.7200. Now trading is going around this mark. This is the main market support from which we can expect a local pullback, the market is oversold. However, the immediate prospects for the Australian currency have deteriorated on the background of another round of deterioration in political and economic relations between the US and China. We expect an increase in volatility.
Trading recommendations - outside the market
On Friday, the market was able to update the five-month highs and strengthened to the area of 1250. In the near future, we can expect a correction and a rollback of the market to the area of the recent resistance of 1243.
Trading recommendations - longs in the area of 1243