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Forex

GBPJPY M15 | Bearish reversal
GBPJPY M15 | Bearish reversal

TitleGBPJPY M15 | Bearish reversalTypeBearish DropPreference:Price is currently at the pivot point of 188.06, an overlap resistance. A reversal from this point could lead the price to fall to 1st...

Approaching Pullback Support
Approaching Pullback Support

TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is trading close to the pivot point of 97.514 which is a pullback support level and could potentially reverse from here; we could...

Daily Market Outlook, January 19, 2024
Daily Market Outlook, January 19, 2024

Daily Market Outlook, January 19, 2024Munnelly’s Market Minute…“China Short Sales Ban Adds To Regional Concerns”Asian stocks mainly gained momentum from the tech-driven advances on Wall Street, where...

The dollar is Awaiting the Federal Reserve's Verdict Before Embarking on Further Rally
The dollar is Awaiting the Federal Reserve's Verdict Before Embarking on Further Rally

The US Dollar is undergoing a phase of consolidation on Friday, characterized by lower highs and higher lows, following a surge in volatility earlier this week. Traders find themselves in a state of...

GBP Slips as UK Retail Sales Tank
GBP Slips as UK Retail Sales Tank

Pound Under PressureThe British Pound has come under fresh selling pressure today on the back of the latest UK economic data released this morning. UK retail sales were seen plunging lower last month,...

Potential Bullish Bounce
Potential Bullish Bounce

TitlePotential Bullish BounceTypeBullish BouncePreference:Price is falling towards the pivot point of 1.34625 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and...

EURJPY H4 | Bullish breakout
EURJPY H4 | Bullish breakout

TitleEURJPY H4 | Bullish breakoutTypeBullish BreakoutPreference:Waiting for price to break out of the pivot point at 161.477, the overlap resistance aligning with the 78.6% Fibonacci retracement...

Potential Bearish Reversal off 50% Fibo Resistance
Potential Bearish Reversal off 50% Fibo Resistance

TitlePotential Bearish Reversal off 50% Fibo ResistanceTypeBearish ReversalPreference:Price is trading close to the pivot point of 1.26907 which is an overlap resistance that aligns with the 50.0%...

EUR/USD Analysis: Potential Price Rise Ahead
EUR/USD Analysis: Potential Price Rise Ahead

The price of the currency pair EUR/USD rebounded from the level of 1.1100 and dropped. The asset might gain the required support in the zone formed between levels 1.0640 and 1.0670, rebound, and rise....