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    Technical analysis 03.06.2016

    June 3, 2016 - 10:12am

    Today, June 3, is an important day for any speculator  –  release of the US labor market data and non manufacturing PMI. Also the speech by the representatives of the Federal Reserve Bank of Chicago Charles Evans and Lael Brainard, the FOMC member. So, the market volatility is expected to be strong and our department recommends to set pending orders.
     
    In case of positive data on the US labor market USD gets support thus enabling the following orders to work:
    GBP/USD – Sell stop 1.4328, t/p 1.4206, s/l 1.4370
    EUR/USD – Sell stop 1.1096, t/p 1.0943, s/l 1.1160
    USD/JPY – Buy stop 109.30, t/p 110.40, s/l 108.95
     
    The data being negative, the possible moves are as follows:
    GBP/USD – Buy stop 1.4500, t/p 1.4620, s/l 1.4470
    EUR/USD – Buy stop 1.1243, t/p 1.1370, s/l 1.1200
    USD/JPY – Sell stop 108.20, t/p 107.20, s/l 108.50

     

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