Daily Pivots: (S1) 1.2124; (P) 1.2158; (R1) 1.2212; More… Intraday bias in GBP/USD is turned neutral first with current retreat. On the upside, break of 1.2244 will resume the rebound from 1.1759 for 1.2405 resistance. Firm break there will target 1.2666 key resistance next. On the downside, break of 1.2019 minor support will turn bias […]
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The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…