Category: Cryptocurrencies

GBPUSD returned back above the medium-term uptrend line after the fall below the 23.6% Fibonacci retracement level of the upward wave from 1.0325 to 1.2450 at 1.2050. Currently, the price is losing some momentum, confirmed Read more…

EURJPY rose as high as 141.91 after charting a three-month low of 137.37 at the lower boundary of a bearish channel. The pair switched into gains in January after two negative months, and although the Read more…

The Japanese yen continues to have a quiet week. USD/JPY is showing little movement on Tuesday, trading at 131.84. Tokyo Core CPI hits 4.0% Tokyo Core CPI, a key inflation indicator, was higher than expected Read more…

Markets are not moving much. They slowed down after some dollar weakness over the last two trading days. We see US stocks coming down from resistance ahead of Powell today, so it appears that investors Read more…

It’s a new year but the same old story with markets sensitive to Fed rate hike bets and hawkish chatter by policymakers. Asian shares were knocked lower during early trading as investors evaluated comments from Read more…

The two largest economies in the world are expected to report inflation figures later this week. But, by far, the US figure is expected to be the most important. The yuan trades within a bound Read more…

Daily Pivots: (S1) 159.59; (P) 160.41; (R1) 161.50; More… Outlook in GBP/JPY remains unchanged and intraday bias stays neutral. On the downside, break of 155.33 will resume the fall from 172.11 to 153.70 fibonacci level. Read more…

Daily Pivots: (S1) 140.51; (P) 141.21; (R1) 142.25; More…. No change in EUR/JPY’s outlook and intraday bias stays neutral. On the downside, break of 137.37 will resume the decline from 148.38 to 135.40 fibonacci level. Read more…

Daily Pivots: (S1) 0.8777; (P) 0.8801; (R1) 0.8832; More… EUR/GBP is extending the consolidation from 0.8876 and intraday bias remains neutral. Further rally is expected as long as 55 day EMA (now at 0.8728) holds. Read more…