Daily Pivots: (S1) 0.8770; (P) 0.8784; (R1) 0.8803; More… EUR/GBP is still bounded in range of 0.8765/8663 and intraday bias stays neutral. Considering bearish divergence condition in 4H MACD, firm break of 0.8765 support will confirm short term topping. Intraday bias will be back to the downside for 55 D EMA (now at 0.8742). Sustained […]
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Daily Pivots: (S1) 1.7805; (P) 1.7891; (R1) 1.7971; More… EUR/AUD edged higher to 1.7976 but retreated quickly again. Intraday bias remains neutral. On the upside, above 1.7976 will resume the rebound from 1.7561 towards 0.8160 resistance. On the downside, however, break of 1.7739 support will argue that the rebound has completed and turn bias back […]
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Daily Pivots: (S1) 180.17; (P) 180.52; (R1) 180.94; More… EUR/JPY is staying in consolidations below 181.98 and intraday bias remains neutral. Deeper retreat cannot be ruled out, but downside should be contained by 178.80 resistance turned support to bring another rally. On the upside, break of 181.98 will target 100% projection of 161.06 to 173.87 […]
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Daily Pivots: (S1) 204.98; (P) 205.49; (R1) 205.98; More… GBP/JPY is staying in consolidations below 206.84 and intraday bias remains neutral. Deeper retreat cannot be ruled out, but downside be contained by 202.31 support to bring another rise. Break of 206..84 will target 208.09 high. Decisive break there will confirm long term up trend resumption. […]
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There is some decent drama unfolding among the Big Tech bros this week — and Google and Nvidia are right in the middle of it. The former victim in the AI race, Google, which only months ago looked like it could be eaten alive by OpenAI’s next-gen AI chatbot, is suddenly storming back and, in […]
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In focus today The UK Autumn budget will be released in the afternoon. Expectations for an ambitious plan to cut costs and boost productivity have declined after the plans to raise income taxes were abandoned, although a less ambitious approach will also do for investors for now. Gilt and GBP investors will zoom in on […]
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