Gold finally broke to the upside yesterday, moving sharply through the 2529 level and out of the consolidation we’ve been tracking in wave four for the last two weeks. So far, we’re seeing a nice extension to the upside, which suggests that wave five is in progress. However, it should be subdivided into five sub-waves […]
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Daily Pivots: (S1) 197.28; (P) 197.76; (R1) 198.45; More… GBP/JPY is still bounded in sideway trading below 199.79 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at Read more…
Daily Pivots: (S1) 163.91; (P) 164.44; (R1) 165.09; More…. No change in EUR/JPY’s outlook and intraday bias stays neutral. On the downside, sustained trading below 55 D EMA (now at 163.48) will argue that whole Read more…
Daily Pivots: (S1) 0.8305; (P) 0.8315; (R1) 0.8322; More… Intraday bias in EUR/GBP remains neutral for the moment. More consolidations could be seen above 0.8259 but further decline is expected as long as 0.8446 resistance Read more…