USDJPY 108.00 Possible
The US dollar is on the slide against the Japanese yen currency, following more soft CPI inflation data from the Japanese economy this morning. The USDJPY pair could test towards the 108.00 level if a bearish breakout under the 108.45...
EURUSD Could Test 1.2330
The euro currency is once again on the rise against the US dollar, as traders continue to aggressively buy into price dips below the 1.2200 level. A bullish inverted head and shoulders pattern is close to forming across the lower...
GBP/USD Outlook: Bulls Pressure 1.42 Barrier After Upbeat Retail Sales, PMI Data In Focus
Cable jumped to 1.4200 zones after upbeat UK retail sales but failed to break higher, remaining within 1.41/1.42 range for the fourth straight day. Larger bulls remain supported but face headwinds on approach to 2021 high at 1.4238 (Feb 24)....
GBPJPY Rally Cools Near 39-Month High
GBPJPY is marking its fourth consecutive week in the green zone, though it is set to close with minimal gains as the resistance area around the 154.80 level has been a struggle this week. The sideways move in the RSI,...
SPX 500 Consolidates Above Key Support
US equity markets remain subdued as risk appetite takes a backseat. The S&P 500 has pierced through the 30-day moving average, adding pressure on the buy-side. The price action is again testing the demand area around 4040 after a short-...
Two Trades To Watch: WTI Crude Oil, EUR/GBP
WTI steadies after steep selloff, Baker Hughes rig count in focus WTI is consolidating losses as it trades at its lower level in around a month WTI saw a deep sell off across the week amid reports of progress in...
GBPUSD Rebounds off 1.4100; Positive Profile in Medium Term
GBPUSD has found strong support at the 1.4100 psychological level, holding near the 40-period simple moving average (SMA). The RSI is ticking slightly up in the negative territory, however the MACD is holding below its trigger line. In case the...
Market Morning Briefing: Pound Has Come Down And A Break Below 1.41
STOCKS Dow has recovered sharply after testing 33500 yesterday. The expected range of 33500-35000 remains intact for now. DAX has declined below 15200 and can test 14800 now. The rise to 15700-15800 that we were expecting is not happening now....
Bitcoin Selloff is Good News for EUR/AUD and EUR/NZD Longs
Bitcoin was our Chart of the Week in the Week Ahead on Friday. We noted that the cryptocurrency was pulling back from its April 14h highs in what could be considered a corrective manner. At the time, BTC was in...
GBPJPY Struggles to Surpass 39-Month High
GBPJPY came close to breaking the 39-month high of 154.80, in the previous sessions, but is still fluctuating sideways. According to the RSI, the market could maintain a weak momentum in the short-term as the indicator is flattening above its neutral...
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