GBP/USD
GBP/USD since longer period of time stays inside tight trading range between 1.5500-1.5650. However today’s session may become a “Cable Day” due to Super Thursday. There is a lot of macroeconomic data from UK in today’s calendar. Chikou Span is located in such place, that it allows GBP/USD to fall or increase really strongly. Because price finds itself above Tenkan-sen and Kijun-sen the most preferred scenario would be continuation of uptrend and approaching another levels of Murrey lines – 1.5747, 1.5869. Only fall below Kijun-sen 1.5509 will give a signal for some shorts targeting 1.5259-1.5137.
GBP/JPY
Pound to Japanese yen generates a buy signal sixth session in a row – after breaking above Tenkan-sen 193.10, which is now the first level of support (in the case of potential correction). Price is approaching the important resistance (5/8)P 195.31, which coincides with June highs. Breaking above current resistance zone will give more space and trading potential to target psychological barrier at 200.00.
GBP/AUD
Another buy signal at GBP/AUD. After short-term correction price finds itself once again above Tenkan-sen 2.1268 and (7/8)P line at 2.1240. If price stays above this support zone we should see a test of local highs from July 31st (2.1484).
