Daily Pivots: (S1) 0.8574; (P) 0.8637; (R1) 0.8688; More… Intraday bias in EUR/GBP stays neutral first. Break of 0.8570 will resume the decline from 0.9267. Next target is 61.8% projection of 0.9267 to 0.8570 from 0.8827 at 0.8369. For now risk will stay on the downside as long as 0.8827 resistance holds, in case of […]
The post EUR/GBP Daily Outlook appeared first on Action Forex.
Bitcoin’s move above $80,000 may be the moment this rally changes character. What started as another rebound alongside surging tech stocks is now beginning to look more like a genuine momentum breakout—one that could pull Read more…
Key takeaways Intervention-driven downside resumes: USD/JPY plunged 2.4% to a two-month low after Japan’s ~$34.5B intervention on Thursday, 30 April, with a sharp intraday drop on today, 6 May, hinting at a possible second round Read more…
Markets A violent sell-off hit UK Gilts as local markets reopened following Monday’s Spring Bank Holiday. In a catch-up move to weakness in core bonds on Monday, UK yields jumped 9 to 10 bps across Read more…