10 July - GU and EU

I am still expecting the market to take a dip.

There will be a Trade Balance report on GBP today at 1630hrs Singapore Time. The outcome may bring the GBP in either direction. Yesterday PPI anouncement has brought up GBP up. As such I may have to take loss and abandon and short position if price clear pass the resistance level at 2.0200.

EU has made a dip and I will expect it to go south towards the first support line at around 1.3600.