Daily Pivots: (S1) 161.65; (P) 163.34; (R1) 164.37; More…. Intraday bias in EUR/JPY stays on the downside despite today’s weak recovery. Prior break of 55 D EMA (now at 163.39) argues that corrective rebound from 154.40 has completed with three waves up to 166.67, ahead of61.8% retracement of 175.41 to 154.40 at 167.38. Further decline […]
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GBP/USD started a fresh decline below the 1.2750 zone. USD/CAD is rising and might aim for more gains above the 1.4100 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a Read more…
Markets Volatility remains high in the US Treasury market. We believed that Wednesday’s in-line with consensus CPI inflation report could be the start of a consolidation process on the sell-off which started mid-September. Fed Chair Read more…
Daily Pivots: (S1) 1.0506; (P) 1.0549; (R1) 1.0583; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen. But outlook will stay bearish as long as 1.0760 support turned resistance holds. On Read more…