Today’s focus is on the Bank of Japan’s decision to maintain its current policy stance, which has led to a depreciation of the Japanese Yen. Consequently, the USD/JPY pair is on an upward trajectory, seeking Read more…
GBPUSD maintains weak bias in near term Falls from 4-month high MACD and RSI suggest horizontal move GBPUSD climbed to a new four-month high in the previous week, but it reversed lower again, falling beneath Read more…
Daily Pivots: (S1) 179.99; (P) 180.59; (R1) 181.20; More… GBP/JPY’s rebound from 178.32 accelerates higher today and focus is back on 184.43 resistance. Firm break there will argue that pull back from 188.63 has completed Read more…
Daily Pivots: (S1) 155.11; (P) 155.71; (R1) 156.59; More.. EUR/JPY’s breach of 157.67 resistance suggest that rebound from 153.15 is resuming. Intraday bias is back on the upside for 55 D EMA (now at 159.00). Read more…
Japanese Yen’s decline gained momentum following dovish comments by Bank of Japan (BoJ) Governor Kazuo Ueda in the post-meeting press conference. Ueda reaffirmed the central bank’s readiness to take “additional easing steps if necessary,” highlighting Read more…
Daily Pivots: (S1) 0.8600; (P) 0.8624; (R1) 0.8660; More…. Intraday bias in EUR/GBP stays neutral as consolidation from 0.8548 is still extending. Further decline is expected as long as 0.8648 support turned resistance holds. On Read more…
Daily Pivots: (S1) 1.6177; (P) 1.6303; (R1) 1.6383; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.6206 is extending. Outlook remains bearish as long as 1.6478 resistance holds. On the downside, firm break Read more…
Daily Pivots: (S1) 0.9454; (P) 0.9477; (R1) 0.9494; More… EUR/CHF is still extending the consolidation from 0.9402 and intraday bias remains neutral. Deeper decline is expected with 0.9543 resistance intact. On the downside, firm break Read more…
Daily Pivots: (S1) 0.6687; (P) 0.6711; (R1) 0.6731; More… Intraday bias in AUD/USD is turned neutral with current retreat and some consolidations could be seen first. But further rally is expected as long as 0.6539 Read more…
Daily Pivots: (S1) 1.3363; (P) 1.3386; (R1) 1.3422; More… Intraday bias in USD/CAD is turned neutral with current recovery, and some consolidations would be seen. Risk will stay on the downside as long as 1.3479 Read more…