Daily Pivots: (S1) 194.18; (P) 195.03; (R1) 196.41; More… GBP/JPY’s rebound from 188.07 resumed by breaking through 194.98 and intraday bias is back on the upside. Corrective pattern from 180.00 could be extending with another rising level. Further rise should be seen to 199.79 resistance. On the downside, break of 192.84 minor support will turn […]
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EURJPY erases some gains Stochastic and RSI head down EURJPY has found strong resistance near the 38.2% Fibonacci retracement level of the down leg from 175.37 to 154.40 at 162.30, which overlaps with the 50-day Read more…
Markets Relative market calm this morning was already disturbed sooner than expected by the publication of the UK labour market data. The unemployment rate remained unchanged at 4.3% and November payrolls declined a bigger than Read more…
Daily Pivots: (S1) 1.0483; (P) 1.0504; (R1) 1.0533; More… Sideway trading continues in EUR/USD and intraday bias stays neutral. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 Read more…