Major market forecasts – Euro, Cable, USDJPY, Gold & S&P500 – FuturesTechs
Sep 21, 2016, 01:01 PM
‘There are no flat tops on the equity markets’, says Clive Lambert, Director at FuturesTechs while discussing the technical outlook for S&P500. Lambert spots a rebound from the confluence of key technical levels on the S&P500 chart and calls it a bullish development.
Key points
EUR/USD – Today’s day end close is important
GBP/USD – 1.30 is not a line in the sand. 1.3120 is level to watch out for…if the pair fails to breach the same then we could go lower to 1.28
USD/JPY – Ichimoku cloud chart holds the key for next move
Gold- rebounds from critical support around $1310… need to retake $1327-1330
S&P – rebound from confluence of support… there are no flat tops on equity markets