Clive Lambert, Director at FuturesTechs presents his technical view on major markets. Key points are as follows –
GBP/USD – We have a higher low and bullish reversal candle formation. We might see a short squeeze. Short unwind likely with pair revisiting 1.32-1.3315 levels. Support at 1.2962 needs to remain intact
EUR/GBP – Bearish price divergence on daily RSI and MAC…potential for a pull back
USD/JPY – Keeping a very close eye on 100.70
Crude – Oil rally contradicts fundamentals. Could continue to go higher on this one
Gold – not really seeing any kind of decisiveness. $1380 is a major Fib level resistance
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