Day: June 2, 2023

Daily Market Outlook, June 01, 2023 Munnelly’s Market Commentary…  Most Asian equity markets experienced positive trading overnight following the passage of the debt ceiling bill by the US House of Representatives, which helped avert a potential default. The bill has now moved to the Senate for consideration. Additionally, market sentiment was boosted by the unexpected […]

TitleEURJPY H4 | Bullish breakout TypeBullish Breakout Preference:Price is approaching the pivot point of 149.164 and could potentially break out to the upside from here; we could see momentum carry price up to its 1st resistance of 149.813. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 148.575. To […]

TitleEURGBP H4 | Heading towards 38.2% Fibo resistance TypeBearish Reversal Preference:Price could approach the pivot point of 0.86287 and potentially reverse from here; we could see momentum carry price down to its 1st support of 0.85868. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.86639. To discuss this […]