Daily Pivots: (S1) 0.8316; (P) 0.8329; (R1) 0.8345; More… Intraday bias in EUR/GBP stays on the downside at this point. Current down trend would target 0.8276 key long term support. On the upside, however, break of 0.8377 resistance will now indicate short term bottoming, and bias back to the upside for stronger rebound. In the […]
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The Japanese yen has surged higher on Friday after a strong inflation release. In the European session, USD/JPY is trading at 150.19, down 0.87% on the day. Earlier, the yen has broken below the symbolic Read more…
EURGBP gets rejected near SMAs; technical signals are negative There might be an opportunity for a rebound near 0.8300 Eurozone publishes CPI inflation data at 10:00 GMT EURGBP experienced another failure near its 20- and 50-day simple Read more…
USDCAD posts losses after 4½-year high RSI and stochastics confirm negative move USDCAD is moving lower after the bullish spike to the fresh four-and-a-half-year high of 1.4176, falling beneath the 1.4000 round number. The market Read more…