Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY waves around 181.00; bulls await a breakthrough GBP/JPY,D1 Pivot: 180.71 Analysis: As long as the price is above 180.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 180.71 Take profit 1: 184.50 Take Profit 2: 186.00 Alternative scenario: If the level of 180.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 180.00 Take profit 1:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD grinds near three-week high above 0.6200 as Kiwi traders brace for RBNZ, US inflation. NZD/USD,D1 Pivot: 0.6197 Analysis: While the price is above 0.6115, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6197 Take Profit 1: 0.6240 Take Profit 2: 0.6300 Alternative scenario: If level 0.6115 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: A test of the 2023 high appears on the cards – UOB Group. EUR/USD,D1 Pivot: 1.1012 Analysis: While the price is above 1.0850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1012 Take Profit 1: 1.1060 Take Profit 2: 1.1130 Alternative scenario: While the price is above 1.0850, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0850...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD sticks to modest intraday gains, lacks follow-through, and remains below 1.3300. Pivot: 1.3294 Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3294 Take Profit 1: 1.3075 Take Profit 2: 1.2900 Alternative scenario: If level 1.3475 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3475 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The AUD/USD pair has found intermediate support near the crucial support of 0.6660 in the Asian session. The Aussie asset is expected to continue its downside journey amid headwinds of a significantly low Consumer Price Index (CPI) in China and expectations that inflation in the United States will remain stubborn. AUD/USD,D1 Pivot: 0.6649 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation...
