Sunday, November 2, 2014

Monday November 03 - 07

Asad Rizvi

Catch me on @asadcmka for frequent updates

GOLD @ $1173 = Key resistance is at $ 1195 & $ 1215, as risk for new lows will increase if $ 1140-45 fails to hold for $ 1122.
EURO @ 1.2517 = Needs to clear 1.2598 for 1.2650. Initially pressure is on downside. Protection is at 1.2380-90. Choppy trade ahead.
GBP @ 1.5984 = Strong support around `1.5890. Sharp reversal is possible and break of 1.5995 will encourage for 1.6050, else 1.5830
JPY @ 112.27 = Surprise BOJ move seen. JPY will be under pressure. Small correction is possible, as 105.80 is key for 116.50


DISCLAMER : The commentary/information presented is not intended for trading purpose. The idea is to exchange views with the members/readers. Therefore, I accept no responsibility or liability for any losses incurred due to position taking.

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