The year 2016 is about to change some major direction in the market.

Last year was full of ups and downs.

naming a few key events like CHF -rate change which shocked the market.

china changing there trade policy, ECB changing there deposit rate and US much awaited rate hike.

these where the few key events changing the market. it was observed that there was lot of divergence in the market where the currency pairs where operating in different direction.

CURRENCY PAIRS TO LOOK OUT FOR.

USD/CHF

This is one of the few currency pairs which has good potential for upside.

Long term position should be considered for buy and buy on dip would amplify the profits.

targets for the currency pair would be given in further posts.

GBP/USD

Pound trading at low near 1.4650 trying to test last year march low of  1.4567.

although the pair is at the support are but it seem to be trading in box for quite a few years now.

as major change in financial policy is what is need to break though this  box rage.

pound feeling the pressure as the economic data continues to weaken and much pressurized by US dollar demand.

trading levels for cable would be given in the next post.