The GBP/JPY pair has come under pressure after the Bank of Japan raised its policy rate to 1.0% on 16 June. The Bank of England is following the opposite path: at its 30 April meeting, the Monetary Policy Committee (MPC) voted 8–1 to keep the base rate at 3.75%, with one member advocating an increase […]
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Intraday bias in GBP/USD is back on the downside with strong break of 1.3304 support. Further fall should be seen to 1.3158 support first. Decisive break there will extend the whole decline from 1.3867 to Read more…
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Intraday bias in USD/CHF is back on the upside with solid break of 0.8012. Firm break of 0.8041 will resume the rally from 0.7603 and target 100% projection 0.7603 to 0.841 from 0.7600 at 0.8198 Read more…