Buyers in UK
Firstly, our last short on GbpUsd was paid up with a nice Gap Down. We than took a quick long to cover up the gap region.
As for UK index, it is back on the supply zone and may start to see a slight upward push to 7350 in the next 3weeks - 4weeks, depending on the price movement we may have a small position on this. However should there be a fall below the current support, look out for more short opportunities.
The other indices like nasdaq, dow may also mirror the same movement. We are however not in favour for any trades on Dax at this point.
As for UK index, it is back on the supply zone and may start to see a slight upward push to 7350 in the next 3weeks - 4weeks, depending on the price movement we may have a small position on this. However should there be a fall below the current support, look out for more short opportunities.
The other indices like nasdaq, dow may also mirror the same movement. We are however not in favour for any trades on Dax at this point.
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