GBP/JPY retreated after edging higher to 188.26 last week. Initial bias stays neutral this week for consolidations first. But near term outlook will remain bullish as long as 184.44 support holds. Break of 188.63 will resume larger up trend. In the bigger picture, as long as 184.44 support holds, larger up trend from 123.94 (202 […]
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Retail sales fell 0.1% in the September quarter, a smaller drop than we expected. Retail spending remains soft, but is likely to firm over the coming months. September quarter retail sales (volume of good sold): Read more…
Key Highlights EUR/USD started another decline and traded below the 1.0500 support. A major bearish trend line is forming with resistance at 1.0485 on the 4-hour chart. Bitcoin rallied further and traded close to the Read more…
GBPUSD broke support zone Likely to fall to support level 1.2465 GBPUSD currency pair recently broke the support zone located between the support level 1.2620 (former monthly low from June) and the support trendline of Read more…