Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY eyes 171.00 as BoE sets to raise rates further to tame stubborn UK Inflation. GBP/JPY,D1 Pivot: 170.94 Analysis: As long as the price is above 166.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 170.94 Take profit 1: 172.00 Take Profit 2: 174.00 Alternative scenario: If the level of 166.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD trades with modest losses around the 0.6330 area, downside seems cushioned. NZD/USD,D1 Pivot: 0.6335 Analysis: While the price is above 0.6130, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6335 Take Profit 1: 0.6385 Take Profit 2: 0.6500 Alternative scenario: If the level 0.6130 is broken-down, follow the recommendations below:: Time frame: D1 Recommendation: short position Entry point: 0.6130...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/USD: Upside bias mitigated below 1.0940 – UOB Group. EUR/USD,D1 Pivot: 1.0997 Analysis: While the price is below 1.0750, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.0997 Take Profit 1: 1.1100 Take Profit 2: 1.1200 Alternative scenario: If the level 1.0750 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0750 Take Profit 1: 1.0700...
Source: PaxForex Premium Analytics Portal, Technical Insight USD/CAD depicts “silence after the storm” below a three-week low near 1.3400 amid firmer Oil price. Pivot: 1.3366 Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3366 Take Profit 1: 1.3300 Take Profit 2: 1.3200 Alternative scenario: If the level 1.3475 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry...
Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD faces a potential upside to the 0.6810 region – UOB Group. AUD/USD,D1 Pivot: 0.6775 Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6775 Take Profit 1: 0.6550 Take Profit 2: 0.6400 Alternative scenario: In case the level 0.6800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position...
