GBPUSD edged higher to fully recoup yesterday’s soft decline after news the British Prime Minister Boris Johnson will resign later in the day. The short-term outlook, however, is still discouraging as the bearish trend is well intact below June’s high of 1.2400. In momentum indicators, the upturn in the RSI and the MACD on the four-hour chart, shows […]
The post GBPUSD Snaps Losses on BoJo’s Resignation News appeared first on Action Forex.
An aggressive fiscal spending proposal by Germany has attracted bullish animal spirits into EUR/USD. A significant rally in the longer-end German Bund yields is likely to alter ECB monetary policy guidance towards a “less dovish Read more…
Daily Pivots: (S1) 191.13; (P) 191.73; (R1) 192.57; More… Intraday bias in GBP/JPY remains neutral as range trading continues. On the upside, firm , fir break of 193.04 will resume the rebound from 187.04 to Read more…
Daily Pivots: (S1) 159.32; (P) 160.03; (R1) 161.32; More… Intraday bias in EUR/JPY stays on the upside for the moment. Rise from 154.77 is seen as another rising leg in the corrective pattern from 154.40. Read more…