It’s 8 AM GMT, so it’s time for the Main Daily Trading Signals.
Euro/Dollar is mostly neutral in the short-term. The mid-term brings 4 buy prompts, and the daily outlook is back to neutral with 6 studies. Bullish at 19% long, the interbank supports the mid-term models.
Next up is the Cable with 4 neutral models on both its short and mid-term charts. Bullish signals prevail on the long-term scale, but the interbank is neutral at less than 15% long, and it matches the 1 and 4-hour studies.
There’s green across the table for Dollar/Yen, which sees 5 bullish indicators in the short-term and 4 buy prompts in both the mid and long-term, but they are not confirmed by the interbank, which is bearish at more than 28% short.
Pound/Yen also has bullish models prevailing in all three time ranges, with 4 on its 1-hour chart, 6 on its 4-hour scale and no less than 8 on its 24-hour chart. In contrast, the interbank is neutral at less than 1% short.
And Euro/Yen is another Yen pair which is bullish across the table, with 5 green models in the short-term and 7 in both the mid and long-term, but the interbank points firmly in the other direction, being bearish at more than 38% short.
I’m Sam Meredith and you’ve been watching the Primary Daily Trading Signals for Friday. Our updates team will be providing you with the latest data throughout the day, so check back.
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