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1. DAILY IFOREX REPORT
28th
OCTOBER 2013
TRADING TIPS
SELL GBPUSD BELOW 1.6114 TGT
1.6095/1.6075 SL 1.1.6140
●
BUY USDJPY ABOVE 97.60 TGT 97.80/98.00
SL 97.30
●

2. HEADLINES
●
US Core durable goods orders fell to a seasonally adjusted -0.1%, from -0.1%
in the preceding month.
●
Name
Last
EUR/USD
97.42
GBP/USD
1.6167
USD/CHF
0.8926
AUD/USD
0.9584
USD/CAD
1.0449
NZD/USD
0.828
USD/SGD
1.2357
EUR/CHF
1.2322
EUR/JPY
134.47
EUR/GBP
0.854
EUR/AUD
1.4403
GBP/CHF
1.4437
GBP/JPY
157.48
GBP/CAD
1.6891
GBP/AUD
1.6867
AUD/JPY
93.37
●
German business climate fell to 107.4, from 107.7 in the preceding month
1.3803
USD/JPY
U.K. GDP rises rose to 0.8%, from 0.7% in the preceding quarter
GBP/USD is challenging the high of its wide horizontal range defined by the support at 1.5886 and
the resistance at 1.6260. The short-term structure favors a positive bias as long as the hourly
support at 1.6116 holds. Another support stands at 1.6060. Thus far, GBP/USD does not confirm the
fresh highs made by EUR/USD.
USD slipped lower against YEN , as demand for the greenback remained under broad selling
pressure amid growing expectations for the Federal Reserve to hold back from tapering its stimulus
program until well into next year.
The EUR was little changed against the USD, still hovering near two-year highs after the release of
downbeat U.S. consumer sentiment data as investors remained focused on the Federal Reserve's
upcoming policy decision.

3. HOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
RESISTANCE: 1.3830
SUPPORT: 1.3650

4. HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOKS DOWNWARD
TREND: SIDEWAYS
STRATEGY: SELL BELOW
SUPPORT
RESISTANCE: 97.55
SUPPORT: 96.90

5. HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS SIDEWAYS
TREND: CONSOLIDATE
STRATEGY: SELL BELOW
SUPPORT
RESISTANCE: 1.6255
SUPPORT: 1.6114

6. HOURLY EURGBP CHART
ANALYSIS
EURGBP LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
RESISTANCE: 0.8530
SUPPORT: 0.8540

7. HOURLY USD INDEX CHART
ANALYSIS
GBPUSD LOOKS DOWENWARD
TREND: BEARISH
STRATEGY: SELL BELOW
SUPPORT
RESISTANCE: 79.420
SUPPORT: 79.035

8. ECONOMIC CALLENDER
Time
Cur.
Imp.
KRW
LOW
02:30:00
PM
EUR
LOW
04:30:00
PM
GBP
MIDIUM
06:45:00
PM
USD
LOW
06:45:00
PM
USD
07:30:00
PM
08:00:00
PM
Event
Actual
Forecast
Previous
South Korean Consumer Confidence
102
Italian Business Confidence
96.3
96.6
CBI Distributive Trades Survey
33
34
Capacity Utilization Rate
78.00%
77.80%
MIDIUM
Industrial Production (MoM)
0.40%
0.40%
USD
MIDIUM
Pending Home Sales (MoM)
0.10%
-1.60%
USD
LOW
Dallas Fed Mfg Business Index
12.8
10/28/13
02:30:00
AM

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