Daily Pivots: (S1) 157.17; (P) 157.61; (R1) 158.11; More…. Intraday bias in EUR/JPY stays mildly on the downside at this point. Current decline from 159.47 short term top should extend to (now at 155.76) first. For now, risk will stay mildly on the downside as long as 159.47 holds, in case of recovery. In the […]
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Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by Read more…
Daily Pivots: (S1) 192.90; (P) 193.85; (R1) 194.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current development suggests that corrective rise from 180.00 has completed with three waves up to Read more…
Daily Pivots: (S1) 159.94; (P) 161.21; (R1) 162.53; More…. Intraday bias in EUR/JPY remains on the downside for the moment. Current development suggests that corrective rebound from 154.40 has completed with three waves up to Read more…