Daily Pivots: (S1) 164.20; (P) 166.08; (R1) 167.06; More… Intraday bias in EUR/JPY is back on the downside with breach of 164.81 temporary low, as fall from 175.41 resumes. Decisive break of 164.29 support turned resistance will indicate that larger scale correction is underway for 155.91 fibonacci level. On the upside, however, break of 167.93 […]
EUR/GBP’s fall from 0.8764 accelerated to as low as 0.8557 last week. The development suggests that rebound from 0.8491 has completed as a corrective move at 0.8764. Initial bias stays on the downside this week for retesting 0.8491 low first. Firm break there will resume larger down trend. On the upside, touching 0.8634 minor resistance […]
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