The British pound remained on edge as investors waited for clarity on who will become the next prime minister after Boris Johnson’s resignation. It has already become a crowded race, with many influential leaders declaring Read more…
The USDJPY is consolidating under new highest level since Sep 1998 (137.75) in early Tuesday’s trading, following Monday’s bullish signal on 2.6% advance (the biggest one-day advance since June 17) and close above previous top Read more…
A burst of dollar strength pushed EUR/USD to just 5 pip above parity. Although the move appears to be on the back of rising yen, which is now the strongest major currency of the Asian Read more…
Asian shares were a sea of red on Tuesday as recession fears and China’s renewed Covid-19 outbreak smothered appetite for risk. Overnight, Wall Street’s main indices took a beating as investors sprinted to safety ahead Read more…
Daily Pivots: (S1) 162.79; (P) 163.63; (R1) 164.22; More… Intraday bias in GBP/JPY stays neutral and further fall is in favor with 165.26 minor resistance intact. On the downside, below 160.37 support will target 155.57 Read more…
Daily Pivots: (S1) 137.52; (P) 138.35; (R1) 138.80; More…. Intraday bias in EUR/JPY stays neutral and further fall is in favor with 139.78 minor resistance intact. On the downside, below 136.86 will target 132.63 support. Read more…
Daily Pivots: (S1) 1.2947; (P) 1.2999; (R1) 1.3057; More… Range trading continues in USD/CAD and intraday bias remains neutral. Further rise is mildly in favor with 1.2818 support intact. On the upside, break of 1.3082 Read more…
Daily Pivots: (S1) 0.6682; (P) 0.6769; (R1) 0.6822; More… Intraday bias in AUD/USD remains on the downside. Current down trend from 0.8006 should now target next fibonacci level at 0.6461. On the upside, break of Read more…
Daily Pivots: (S1) 136.34; (P) 137.05; (R1) 138.12; More… Intraday bias in USD/JPY remains on the upside and outlook is unchanged. Current up trend should target 100% projection of 114.40 to 131.34 from 126.35 at Read more…
Daily Pivots: (S1) 0.9782; (P) 0.9813; (R1) 0.9863; More… Intraday bias in USD/CHF remains on the upside and outlook is unchanged. Consolidation pattern from 1.0063 should have completed with three waves down to 0.9493 already. Read more…