Intraday bias in USD/JPY remains on the upside for 160.38 resistance first. Firm break there will pave the way to 100% projection of 152.87 to 159.02 from 156.06 at 162.21. On the downside, below 159.31 minor support will turn intraday bias neutral first. In the bigger picture, current development suggests that the first leg of […]
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Gold fell to 3,909 USD per ounce on Friday, its lowest level in almost a year. The metal is under pressure from fears of persistent US inflation and expectations of further interest rate hikes. The Read more…
Intraday bias in EUR/USD remains on the downside at this point. Current decline should target 1.0904 fibonacci level. For now, risk will stay on the downside as long as 1.1272 resistance holds, in case of Read more…