Right Direction But Not Turning Heads Yet

Forex Daily Analysis 31st July 2018


  • EURUSD breaks up on Monday but nothing to get too excited about yet
  • USDJPY and the only way to be thinking about this thing right now
  • GBPUSD recovery welcome but let's see these levels cleared
  • GOLD pushes up but still just a blip within the bigger picture

First level of critical resistance in GBPUSD comes in at 1.3215. A daily close above will give it some momentum.

Currency Pairs

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Friday Position Review

Looking at the current exposure as we head into the weekend.


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Holding GBP Exposure that Pays

Let's revisit this cross rate so we can highlight why it looks attractive as ...