Oil closed the previous three weeks higher and is rising at the start of the new week, driven by various bullish factors. Most of them are temporary, but they are altering the long-term technical picture, changing speculators’ attitudes towards oil and attracting bulls. Brent oil is moving steadily above $80, entering the peak area of […]
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Daily Pivots: (S1) 190.57; (P) 191.67; (R1) 193.27; More… Intraday bias in GBP/JPY is turned neutral with current recovery. Rebound from 188.07 could have completed at 198.94 already. Risk will stay on the downside as Read more…
Daily Pivots: (S1) 160.28; (P) 161.04; (R1) 162.04; More… Intraday bias in EUR/JPY is turned neutral first with current recovery. Rebound from 156.16 might have completed at 164.89 already. Risk will stay on the downside Read more…
Daily Pivots: (S1) 0.8379; (P) 0.8401; (R1) 0.8417; More… EUR/GBP edges higher today as rebound from 0.8221 extends. Intraday bias stays mildly on the upside for 0.8446 resistance, despite loss of momentum. Firm break there Read more…