EURGBP broke resistance level 0.8585 Likely to rise to resistance level 0.8700 EURGBP currency continued to rise strongly after this currency pair broke above the key resistance level 0.8585 (which has been repeatedly reversing the pair from November). The breakout of the resistance level 0.8585 accelerated the active impulse waves 3 and (3) – which […]
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EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…