GBP/JPY failed to break through 183.99 resistance last week and reversed after hitting 183.23. Initial bias is mildly on the downside this week, to extend the corrective pattern from 183.99, back towards 176.29 support. On the upside, decisive break of 183.99 will resume larger up trend. In the bigger picture, as long as 172.11 resistance […]
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Daily Pivots: (S1) 153.82; (P) 154.64; (R1) 155.36; More… USD/JPY is extending consolidation pattern from 156.74 and intraday bias remains neutral. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of Read more…
Daily Pivots: (S1) 0.8877; (P) 0.8918; (R1) 0.8983; More… Intraday bias in USD/CHF remains neutral as consolidations continue below 0.8956. Outlook will stay bullish as long as 0.8800 support holds, in case of retreat. Break Read more…
Daily Pivots: (S1) 1.2480; (P) 1.2539; (R1) 1.2590; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen above 1.2486. But outlook will stay bearish as long as 1.2713 resistance holds. Break Read more…