Potential double bottom on USD/JPY, Aussie finally breaking lower – Futures Techs
Aug 31, 2016, 03:01 PM
Share
Subscribe
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 – 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