Key Highlights GBP/USD extended losses and traded below 1.2250. A major bearish trend line is forming with resistance near 1.2340 on the 4-hour chart. EUR/USD broke the 1.0620 support and is still at risk of more downsides. USD/JPY broke the 148.50 resistance and accelerated higher. GBP/USD Technical Analysis The British Pound started a fresh decline […]
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EUR/USD edged lower to 1.0176 last week but recovered after breaching 1.0199 fibonacci level briefly. Initial bias stays neutral this week first and more consolidations could be seen. But outlook will remain bearish as long Read more…
USD/JPY’s extended fall last week confirmed short term topping at 158.86. But as a temporary low was formed at 154.97, initial bias is neutral this week first. Risk will stay on the downside as long Read more…