Source: PaxForex Premium Analytics Portal, Technical Insight Japanese Prime Minister Kishida: it is not necessary to correct the monetary policy now. EUR/JPY,D1 Pivot: 143.25 Analysis: While the price is above 140.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 143.25 Take Profit 1: 145.00 Take Profit 2: 147.00 Alternative scenario: If the level 140.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 140...
Source: PaxForex Premium Analytics Portal, Technical Insight BoJ meeting minutes: The BoJ will continue easing if necessary. GBP/JPY,D1 Pivot: 167.03 Analysis: As long as the price is above 164.35 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 167.03 Take profit 1: 168.48 Take Profit 2: 171.00 Alternative scenario: If the level of 164.35 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight TD Securities economists expect the Reserve Bank of New Zealand (RBNZ) to raise rates by 50 basis points (bps) sequentially, with the 4% terminal level to be reached in February 2023. NZD/USD,D1 Pivot: 0.6284 Analysis: While the price is below 0.6425, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6327 Take Profit 1: 0.6175 Take Profit 2: 0.6050 Alternative scenario: If the level 0.6425 is broken-out, follow...
Source: PaxForex Premium Analytics Portal, Technical Insight The EUR/USD is regaining some of the positions lost on Friday. If the bulls push harder, the pair might try to move towards the slight resistance at the high of June 16 at 1.0601. EUR/USD,D1 Pivot: 1.0503 Analysis: While the price is above 1.0650, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.0503 Take Profit 1: 1.0350 Take Profit 2: 1.0200 Alternative scenario: If the level 1.0650 is broken-out, follow the...
Source: PaxForex Premium Analytics Portal, Technical Insight The USD/CAD pair is flirting with the monthly peak, the bulls are waiting for a clean breakdown of the 1.3000 mark. USD/CAD,D1 Pivot: 1.2996 Analysis: While the price is above 1.2870, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.2996 Take Profit 1: 1.3050 Take Profit 2: 1.3250 Alternative scenario: If the level 1.2870 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short...
