Daily Pivots: (S1) 1.2631; (P) 1.2673; (R1) 1.2729; More… GBP/USD recovers notably today but stays below 1.2817 resistance. Intraday bias remains neutral at this point. On the downside, firm break of 1.2618, and sustained trading below 1.2678 resistance turned support will argue that it’s already in a larger correction. Deeper decline would then be seen […]
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USDJPY loses ground around 200-day SMA RSI and MACD head south USDJPY has declined considerably toward the 200-day simple moving average (SMA) around 152.10, with the potential to hit the short-term uptrend line before heading Read more…
Markets US President-elect Trump announcing he will raise tariffs on imports from Canada and Mexico by 25% and the levy on China by 10% in the end only had a limited impact on markets. Early Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… EUR/USD is staying in consolidation above 1.0330 and intraday bias remains neutral. Further decline is expected as long as 1.0609 resistance holds. On the downside, sustained Read more…