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  Hawkish Risks The big focus in FX markets today will be the June Bank of England meeting. The BOE had been tipped to hike rates by a further .25%, marking the 13th consecutive rate hike and the fastest increase in monetary tightening in thirty years. However, on the back of a set of hot […]

Bitcoin has tested the psychological level of 30000. The asset has closely approached the key resistance level of 31000. Bitcoin might potentially rebound and drop. However, considering the recent abrupt price growth, the asset might also jump and break the level of 30000 instead. It would be interesting to follow the price movements next to […]

The British pound sterling is saving strength for daily movements against the US dollar. The current GBPUSD quote is 1.2760. Today the key event is the meeting of the Bank of England. The interest rate is expected to rise by 25 basis points to 4.75% per annum. Furthermore, financial markets see the probability of an […]

TitleGBPUSD H1 | React off 1st resistance TypeBullish Breakout Preference: Price is  approaching our pivot point of 1.27699 which is an overlap resistance level. If it reverse from here, price could fall to 1st support level at 1.26979  which is an overlap support that aligns with 38.2% FIbo retracement  Alternative scenario: However. if price breaks […]

TitleUSDCAD H4 | Bounce off from Fibo confluence TypeBullish Bounce Preference:Price is falling towards our pivot point of 1.31165 which aligns with   -27.2% Fibo expansion and 161.8% Fibo extension, indicating the Fibo confluence zone. A reverse from here, price could rally to 1st resistance at 1.31762 which is a pullback  resistance level. Alternative scenario:However, […]

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