- Copper breaks above cloud top, we see scope for further upside.
- Downside remains supported above 50-DMA at 2.5668, weakness only on break below.
- Technical indicators on daily charts are biased higher, RSI is above 50 levels, Stochs are biased higher.
- Next immediate resistance on the upside is seen at 2.640 (trendline). Break above could see further gains.
- On the flipside break below 50-DMA could see test of 2.545 (trendline).
Support levels - 2.5942 (cloud top), 2.5668 (50-DMA), 2.555 (23.6% Fib retrace of 2.822 to 2.472 fall)
Resistance levels - 2.624 (June 13 high), 2.640 (trendline), 2.650 (June 9 high)
Recommendation: Good to go long on dips around 2.60, SL: 2.5945/50, TP: 2.625/ 2.640
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Major European Indices
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Woodies Pivot(Major)
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 



