Daily Pivots: (S1) 171.11; (P) 171.45; (R1) 172.06; More… Intraday bias in EUR/JPY is back on the upside as recent rally resumed after brief consolidations. Sustained break of 61.8% projection of 164.01 to 170.87 from 167.52 at 171.75 will target 100% projection at 174.38. On the downside, below 170.69 minor support will turn intraday bias […]
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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…