Sideway trading continues in GBP/JPY and intraday bias remains neutral. While another fall cannot be ruled out, strong support should be seen from 206.10 fibonacci level to bring rebound. Considering bullish divergence condition in 4H MACD, firm break of 211.25 resistance should indicate short term bottoming. However, decisive break of 206.10 will carry larger bearish […]
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Intraday bias in EUR/USD remains neutral and further fall is expected with 1.1284 resistance intact. Below 1.1159 will extend the fall from 1.1710 to 161.8% projection of 1.1848 to 1.1323 from 1.1710 at 1.0861. Nevertheless, Read more…