Day: September 16, 2023

TitleGBPUSD H4 | Falling from a pullback resistance? TypeBearish Reversal Preference:Price is rising toward our pivot point of 1.24444, which serves as a pullback resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.23337, an overlap support level. Alternative scenario:However, if the price breaks above the […]

Daily Market Outlook, September 15, 2023 Munnelly’s Market Commentary…  Asian equity markets posted gains as they followed the positive global trend driven by robust U.S. economic data, a dovish rate hike by the European Central Bank (ECB), and the People’s Bank of China’s (PBoC) cut in the Reserve Requirement Ratio (RRR). Additionally, better-than-expected Chinese economic […]