 Good morning and welcome to today's products and focus as we'll see there there was a bit of a sell-off in the global markets yesterday Obviously on the Iraq worries as usually a number of other fundamentals up currently come out But we were bouncing around 21 period SMA on the US 30 resistance is remaining intact at 16 9 6 9 and the next potential support for break below the 21 period SMA will be running about 16 7 3 8 So most global markets are down overnight. They're down again a little bit today The UK 100 broke below that potential support at 6 7 7 4 that we talked about yesterday The next level is going to be the next potential levels to be 67 13 though We have to get below the tip of this candle right here. So 67 35 we are now trading below both moving averages and The technical indicators are slowly moving into a more negative area Do they not yet oversold the MACD is crossing the zero line and obviously that is indicating a little bit more selling pressure there So that's where we are with the UK 100 which I should be on performing off days of late So looking at the Japan to do five. We have been seeing a little bit of additional yen buying yesterday is safe haven There's been not just that but also had the Bank of Japan came out with their third arrow strategy yesterday to kind of combat inflation over there Trying not to do extra stimulus and that was kind of met with a very tepid muted response But nevertheless the Japan to do five to do five I you can see there was much far farther bullish yesterday came off again Just barely closing and positive territory and now we're kind of flatlining there again So there's certainly pressure on this on this index We'll be looking around about 15 to 25 as potential support, which would have broken resistance here Then fall by 49 77 if that yen strength continues Looking at a dollar yen in fact what we are seeing here is a continuing flattening as there are rumors of Daly and being quite well bed above 2250 and below our one-on-one spot 50 as well So we are in a narrowing range So there's a whole bunch of stop losses around about here and a whole bunch of stop losses just a little bit lower Then so one-on-one spot 35 is the potential support One or two spot 90 is the potential resistance But what you cannot see is for all the stop orders are and that's something that I read other on this morning And some of the press so moving on to West Texas crude has been very volatile Already this morning touched out 107 spot 86 as the rat crisis continues to intensify There are now US advisors on the ground with the Iraqi forces but now there are More advanced made by ISIS and the Sunni militants against them an air base near Baghdad I'm about 30 kilometers away from Baghdad. That's because it's true spike But then it's sold off again So there's definitely a lot of volatility to be expected in West West Texas crude over at the next couple of sessions So looking at gold Gold came off a little bit there yesterday But interestingly bounced off this dotted line that we've had there drawn on of this potential symmetrical triangle formation So it does look to be running about 1310 is potential support potential resistance remains at 1332 and You know this range is going to get narrower and narrower as we go along So it'll have to break out in one direction or the other So moving on to your dollar and really what I want to talk about is GBP USD But let's move on to this first your dollars got a slow grind higher And potential resistance is at one spot 3645 We do have some US data today is Wednesday So I think we've got the GDP figures and the bank and the crude all inventory figures So crude oil is going to be quite important for that if we do see it any drift expect potential support to be a one spot 3568 So GBP USD just got absolutely smashed yesterday in the back of Kearney's comments Considering he was so bullish just a few days ago to come out and say actually we're not going to raise rates in 2014 We need a little bit more slack wages aren't rising fast enough as we'd like The kind of the the trend now turned on GBP USD quite a negative day yesterday another negative day again Today obviously this was the the announcement right here So we're actually still well above when Kearney last spoke to give his viewpoints on GBP USD I don't think we're gonna break above one spot something 48 of the next couple sessions Anyway, next potential support is a one spot 6923 and it's trending down a little bit this morning We're already at the bottom of today's range I'm getting we've actually got sell signals here in the RSI so it's got Stastic and we've almost got a crossover in the MACD. So from a technical analysis perspective things aren't that great Joe not jobless claims today. It's going to 25th GDP due at 130 if you're a cable trader, that's going to be an important one to set your alarm for Obviously if you're a crude oil trader, you want to know about crude oil inventories when they come out there as well Fast forwarding on to Thursday We do have those US jobless claims, which is pretty much the only data coming out and then on Friday You've got UK GDP your own consumer confidence. I don't really put that much stock in the University of Michigan consumer sentiment But people will be looking at anyway to finish off the week and just keep your eye on the other news about Iraq and Ukraine Follow the chart forum. Make sure you make insights for your layer and join me again tomorrow to find out what happened next