Daily Pivots: (S1) 1.2292; (P) 1.2393; (R1) 1.2465; More… Intraday bias in GBP/USD remains on the downside for the moment. There is no clear sign of bottoming yet. Sustained trading below 1.2256 fibonacci level will carry larger bearish implications. On the upside, break of 1.2376 will turn intraday bias neutral first. Further break of 1.2486 […]
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Japan’s household spending declined for the fourth consecutive month in November, falling -0.4% yoy. While this was an improvement from October’s -1.3% drop and surpassed expectations of -0.8%, it still reflects ongoing consumer caution. The Read more…
Key Highlights USD/JPY started a consolidation phase above the 156.20 support. A short-term rising channel is forming with support at 157.10 on the 4-hour chart. GBP/USD accelerated losses below the 1.2350 support. AUD/USD and NZD/USD Read more…
Short Term Elliott Wave view in Gold (XAUUSD) suggests rally from 11.14.2024 low is unfolding as a 5 waves impulse. Up from 11.14.2024 low, wave (1) ended at 2721.41 and pullback in wave (2) ended Read more…