Month: March 2022

GBPJPY reached a fresh six-year high of 161.48 earlier today but the price has now pulled back to around 160.75. The pair has risen sharply from the two-month trough of 150.97 plumbed on March 8. Read more…

EUR/USD During the last session the movement of the currency pair remained in a narrow range. Support at 1.0974 was tested three times, but the price failed to stay below it. The downward movement is Read more…

American stocks rose on Thursday evening after mixed economic data from the country. According to the Bureau of Labor Statistics (BLS), the country’s initial jobless claims declined from 215k to 187k last week. This was Read more…

Markets Wednesday’s ‘classic’ risk-off correction with a setback in equities and a decline in yields proved to be a one-off rather than the start of a new trend. Oil (temporarily?) returning above $120 p/b was Read more…

Daily Pivots: (S1) 160.15; (P) 160.78; (R1) 161.97; More… GBP/JPY’s rally resumes after brief retreat and intraday bias is back on the upside. Current up trend should target 61.8% projection of 136.96 to 158.19 from Read more…

Daily Pivots: (S1) 133.47; (P) 134.04; (R1) 135.14; More…. Intraday bias sin EUR/JPY remains on the upside for the moment. Sustained trading above 134.11 high will confirm resumption of larger up trend next target will Read more…

Daily Pivots: (S1) 0.8321; (P) 0.8336; (R1) 0.8354; More… Intraday bias in EUR/GBP is turned neutral with current recovery. On the downside, below 0.8294 will target 0.8201 low. Break there will resume larger down trend. Read more…

Daily Pivots: (S1) 1.4595; (P) 1.4654; (R1) 1.4699; More… Intraday bias in EUR/AUD remains on the downside for 1.4561 support. Firm break there will resume larger down trend from 1.9799. On the upside, however, break Read more…

Daily Pivots: (S1) 1.0216; (P) 1.0266; (R1) 1.0293; More…. No change in EUR/CHF’s outlook and intraday bias remains neutral at this point. On the upside, break of 1.0400 would resume the rebound from 0.9970 to Read more…