GBP/USD is still bounded in range trading above 1.3179 and intraday bias stays neutral. Further fall is in favor as long as 1.3310 resistance holds. Below 1.3179 will extend the decline from 1.3675 to 1.3139 support next. However, firm break of 1.3310 will indicate short term bottoming, and turn bias back to the upside for […]
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GBP/USD rose to 1.3237 on Friday. Following a rapid decline, the pound has entered a consolidation phase, although the main external drivers remain a strong US dollar and a renewed rise in bond yields amid Read more…
EUR/USD is staying in range above 1.1159 and intraday bias remains neutral. Stronger rebound might be seen, but outlook will remain bearish as long as 1.1379 resistance holds. On the downside, sustained break of 100% Read more…