TitleGBPUSD H4 | React off resistance level? TypeBearish Reversal Preference: Price has just reacted off our pivot point off 1.26525 which is an overlap resistance level. A reverse from here, price could fall to 1st support at 1.25647 which is a multi swing low support level. Alternative scenario:However, if price breaks above the pivot, it […]
BTC Breaks Higher Following a period of consolidation over the last week, Bitcoin prices exploded higher yesterday, carving out a more than 8% gain. The rally saw BTC breaking back above the 27415 level, a key support level for the market, putting focus back on a further push higher. The driver behind the move was […]
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BOJ on Watch as JPY Weakens Further There has been plenty of chatter recently regarding a potential change of course from the BOJ. On the back of the adjustment made to its YCC target at the last meeting, some players have suggested that this lays the groundwork for a more formal policy shift in coming […]
TitleGBPJPY H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference:Price is currently in a short-term bullish momentum, we can expect price to rise to our pivot point at 185.41, which is a pullback resistance level and at the 61.8% fibo retracement. Price could react bearishly at the pivot point, and fall to the 1st […]