Daily Pivots: (S1) 1.3478; (P) 1.3519; (R1) 1.3585; More… Intraday bias in GBP/USD remains neutral for the moment. With 1.3389 support intact, further rise is expected. On the upside, firm break of 1.3592 will resume larger up trend to 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, decisive break of 1.3389 will […]
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Gold prices held firm at 3,373 USD per troy ounce on Thursday, remaining near a four-week high. The metal’s strength is being fuelled by mounting concerns over the US economic slowdown, boosting demand for non-yielding Read more…
As shown on the USD/JPY chart, the pair is hovering near key support at ¥142.50 per US dollar. While demand was strong enough at the end of May to lift the exchange rate from this Read more…
Daily Pivots: (S1) 192.86; (P) 194.05; (R1) 194.66; More… Intraday bias in GBP/JPY remains neutral at this point. Further rise is in favor as long as 191.86 support holds. Firm break of 196.38 will resume Read more…