GBPJPY reverses October-November rally Oversold conditions detected after sharp drop Resistance at 181.45-182.00 GBPJPY crashed by 3.5% to 178.51 on Thursday before closing the day at 181.45, marking its worst daily session of the year. Read more…
AUDUSD pulls back from 1-year downtrend line Strong resistance lines to test before switching the downtrend RSI and stochastic indicate more losses As the year 2023 is approaching its conclusion, AUDUSD is continuing the descending Read more…
In the first half of 2023, the Japanese stock market was dominated by bullish sentiment due to (still) negative interest rates — while the rest of the G7 countries raised their rates to combat inflation. Read more…
Daily Pivots: (S1) 178.41; (P) 181.75; (R1) 184.88; More… GBP/JPY’s fall from 188.63 extended to as low as 178.58, and breached 23.6% retracement of 148.93 to 188.63 at 179.26 briefly. There is no sign of Read more…
Daily Pivots: (S1) 152.94; (P) 155.85; (R1) 158.48; More.. EUR/JPY’s fall from 164.29 extended to as low as 153.15 and breached 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). There is no Read more…
Daily Pivots: (S1) 0.8556; (P) 0.8570; (R1) 0.8585; More…. Intraday bias in EUR/GBP is turned neutral as a temporary low is formed at 0.8552. Some consolidations could be seen and stronger recovery cannot be ruled Read more…
Daily Pivots: (S1) 1.6295; (P) 1.6392; (R1) 1.6446; More… EUR/AUD falls sharply after rejection by 55 4H EMA, but stays above 1.6267 low. Intraday bias remains neutral first and outlook remains bearish. On the downside, Read more…
Daily Pivots: (S1) 0.9413; (P) 0.9438; (R1) 0.9471; More… EUR/CHF recovered after breaching 0.9407 low briefly and intraday bias is turned neutral. Some consolidations would be seen but further fall is expected as long as Read more…
Markets The Japanese yen stays top of mind. BoJ deputy governor Himino and his boss Ueda triggered a scorching rally amid rising bets of an imminent (December 19) policy shift. USD/JPY fell from an open Read more…
Recent bizarre hawkish rhetoric from BoJ top officials ahead of Japan’s 2024 nationwide spring wage negotiations sparked a further rally in JPY. Increasing expectations of a BoJ pivot to scrap its decade-long plus of short-term Read more…