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TitleGBPJPY H4 | A bounce off support level TypeBullish Bounce Preference:Price has just bounced off our pivot point of 172.48 which is a pullback support level. A bounce from here, price could rally to 1st resistance at 173.816 which is a multi-swing high resistance  Alternative scenario:However, if price breaks below the pivot, it could fall […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.2425 is expected, followed by a decline to 1.2215. An additional signal confirming the decline will […]

XAUUSD, “Gold vs US Dollar” Near the support level, Gold has formed an Engulfing reversal pattern. The instrument is now going by the reversal signal in an ascending wave. The growth target could be 1983.00. Upon testing the resistance level, the price might rebound from it and continue the downtrend. However, the quotes could drop […]

TitleNZDUSD H4 | Rising into 23.6% Fibo resistance TypeBearish Reversal Preference:Price could approach the pivot point of 0.60919 and potentially reverse from here; we could see momentum carry price down to its 1st support of 0.6024. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.61273. To discuss this […]

Fresh Fed Rate Hike Expectations A resurgence in hawkish Fed expectations for the June meeting and beyond has fuelled a sharp rally in USD over the last week. On the back of last week’s FOMC minutes, market pricing for a further hike in June has jumped to above 60%. This marks a significant shift in […]

European currencies and gold embarked on a modest upside technical pullback as discussed yesterday: In the EURUSD pair, there was a false breakdown of the horizontal support at 1.07 during the last hours of the Asian session. However, cautious buying interest emerged at the beginning of the European session, although it faded near 1.0750.  A […]