On the H4, NZDUSD formed an expanding wedge pattern after a prolonged rise. The price bouncing off the upper trend line almost reached a vital support area, which creates two possible options. If the price falls below the support at 0.6100, breaking the lower trend line, a fall to 0.6040 can be expected; A rebound […]
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GBPUSD remains above 20-day SMA Stochastic and RSI reflect latest downside move. GBPUSD is notably retreating from the two-and-a-half-year high of 1.3433, meeting the 20-day simple moving average (SMA) at 1.3235. Furthermore, the pair is Read more…
Daily Pivots: (S1) 189.27; (P) 191.31; (R1) 192.78; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Corrective rebound from 180.00 might have completed with three waves up to 195.95. Risk will stay Read more…
Daily Pivots: (S1) 157.87; (P) 159.39; (R1) 160.41; More…. Intraday bias in EUR/JPY remains neutral and outlook is unchanged. Corrective pattern from 154.40 might have completed with three waves to 163.47 already. Risk will stay Read more…