GBP/USD spiked higher to 1.3206 last week but subsequent reversal indicates that a short term top was formed. Initial bias is on the downside this week for 38.2% retracement of 1.2099 to 1.3206 at 1.2783. Decisive break there will target 61.8% retracement at 1.2522. On the upside, above 1.2961 minor resistance will turn intraday bias […]
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Daily Pivots: (S1) 185.94; (P) 187.77; (R1) 189.19; More… Intraday bias in GBP/JPY remains neutral for the moment. Risk will stay mildly on the downside as long as 55 4H EMA (now at 189.56) holds. Read more…
Daily Pivots: (S1) 160.93; (P) 161.76; (R1) 162.64; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. Read more…
Daily Pivots: (S1) 0.8551; (P) 0.8606; (R1) 0.8691; More… EUR/GBP’s rally resumed after brief retreat and intraday bias is back on the upside. Current rise should target 261.8% projection of 0.8239 to 0.8448 from 0.8314 Read more…