Intraday bias in GBP/JPY remains neutral for the moment. Risk stays on the upside at this point. Above 213.75 will resume the rebound from 206.85, and target 217.45 resistance. However, firm break of 209.54 support will indicate that the rebound has completed, and bring retest of 206.85 low. In the bigger picture, price action from […]
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Strong jobs data bolstered the US dollar. The weakening of Donald Trump’s administration is a positive for the greenback. The US dollar recorded its best daily performance since the September FOMC meeting, when the federal Read more…
Intraday bias in AUD/USD remains on the downside at this point. Decisive break of 61.8% projection of 0.7237 to 0.6893 from 0.7067 at at 0.6854 will pave the way to 100% projection at 0.6723. On Read more…
Intraday bias remains mildly on the upside at this point. Pullback from 1.4298 could have completed after failing to sustain below 38.2% retracement of 1.3480 to 1.4298 at 1.3986. Further rally should be seen to Read more…