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Potential Double Bottom On USD/JPY, Aussie Finally Breaking Lower

Published 31/08/2016, 14:47
GBP/USD
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USD/JPY
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AUD/USD
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LCO
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ESH25
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A move to 107.50 would confirm a double bottom formation, says Clive Lambert, Director, FuturesTechs while talking to Tip TV’s Zak Mir. Lambert presents his technical outlook on majors markets – GBP/USD, AUD/USD, E-mini S&P and Brent crude.

Key points

GBP/USD shows a sort of potential head and shoulder bottom

AUD/USD – Finally breaking down, rising trend line has been breached

E-mini S&P 500 – Almost a sell signal, still a rebound key support despite hawkish Yellen suggests the mood remains in favor of ‘buy on dips’

Brent crude – strong support around $48-47.50, Dip demand likely

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