Day: October 14, 2023

TitleGBPUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference:The price has just reacted off our pivot point of 1.23359, which serves as a swing-high resistance level aligning with the 127.2% Fibonacci extension. A reversal from this point could lead to a price drop to the 1st support at 1.22596, an overlapping support level. Alternative scenario:However, […]

Daily Market Outlook, October 12, 2023 Munnelly’s Market Commentary…  Asian equity markets saw gains, supported by Wall Street’s rebound and dovish Fed commentary. The Nikkei 225 advanced following softer PPI data and dovish comments from BoJ Board Member Noguchi. Hang Seng and Shanghai Comp. were up, with Hong Kong leading the way by breaching the […]

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