Binary Options Asset Insights - Wednesday, January 11
While most of the world focuses on British numbers, makes quite a bit of sense to follow the British pound itself. There are a handful of other announcements during the day, leaving us towards the following 3 assets:
GBP/USD
The British pound fell initially during the day on Tuesday at the start, but found a little bit of support underneath as we await the British announcements today. At this point, any rally will have to deal with a significant amount of bearish pressure above though, so it will more than likely be short-lived. Signs of exhausted will attract put buying, just as a break below the bottom of the range for the Tuesday session.
Gold
Gold markets rallied just a bit on Tuesday, as we continue to see a bit of a bounce in the precious metals sector. However, the $1200 level above offers a significant amount resistance, so put buyers will be watching with great interest. On the first signs of a failure near that level, it’s likely that they will jump back into the market.
FTSE 100
The FTSE 100 had a positive session again on Tuesday, as we continue to grind higher. Currently, it looks as if there is plenty of support underneath they continue the move, so pullbacks should offer value for call buyers. Of particular interest is the 7150 handle, which had previously been resistive and now should be support.
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