GBP/JPY edged lower to 199.04 again last week but quickly recovered. Initial bias stays neutral this week first. For now, the structure of the fall from 205.30 suggests that it’s only a corrective move. Break of 204.22 resistance will argue that larger rise from 184.53 is ready to resume through 205.30. However, below 199.04 will […]
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Daily Pivots: (S1) 212.28; (P) 212.75; (R1) 213.09; More… Intraday bias in GBP/JPY remains mildly on the downside at this point. Rebound from 207.20 should have completed with three waves up to 213.28. Deeper fall Read more…
The week started on a now-usual pattern, with oil prices pushing higher at the open and retracing part of their gains as investors digested the latest news from the Middle East. The major developments include Read more…
In focus today Today, focus continues to be on tensions in the Middle East and its impact on energy markets. Trump stated on Friday that the US will be hitting Iran “very hard over the Read more…