Intraday bias in GBP/USD remains mildly on the downside at this point. Sustained break of 55 D EMA (now at 1.3472) will indicate that whole rebound from 1.3139 has completed. Deeper fall should be seen to 1.3272 support first. For now, risk will stay mildly on the downside as long as 1.3675 holds, in case […]
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UK services activity strengthened in August, with PMI Services rising from 52.1 to 52.5, highest since April and extending recovery from Q2 soft patch. New business increased for second straight month as firms reported improving Read more…
Intraday bias in EUR/USD is turned neutral first with current recovery. On the downside, below 1.1565 will extend the fall from 1.1710 to 55 D EMA (now at 1.1549). Sustained break there will argue that Read more…
USD/JPY’s strong break of 157.99 support indicates rebound from 155.22 has completed as a three wave corrective move to 160.38. Intraday bias is back on the downside for 155.22 low, and then 154.76/155.01 key support Read more…