Source: PaxForex Premium Analytics Portal, Technical Insight The diminishing odds for more aggressive interest rate cuts by the Bank of England (BoE), could offer some support to the GBP. Pivot: 1.8036 Analysis: While the price is above 1.7800, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.8036 Take Profit 1: 1.8100 Take Profit 2: 1.8200 Alternative scenario: If level 1.7800 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: short...
Source: PaxForex Premium Analytics Portal, Technical Insight Diminishing odds for aggressive ECB easing could limit losses for the Euro. EUR/CAD,D1 Pivot: 1.5096 Analysis: As long as the price is above 1.5000 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5096 Take Profit 1: 1.5200 Take Profit 2: 1.5300 Alternative scenario: If the level of 1.5000 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight EUR/JPY strives to break above 166.00 as Yen weakens ahead of BoJ policy. EUR/JPY,D1 Pivot: 165.85 Analysis: While the price is above 160.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 165.85 Take Profit 1: 168.00 Take Profit 2: 170.00 Alternative scenario: If the level 160.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 160.00 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight GBP/JPY holds above 199.00, remains close to the multi-month top ahead of UK budget. Pivot: 199.30 Analysis: As long as the price is above 195.00 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 199.30 Take profit 1: 201.00 Take Profit 2: 204.00 Alternative scenario: If the level of 195.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point:...
Source: PaxForex Premium Analytics Portal, Technical Insight NZD/USD remains below 0.6000 as downside risks persist due to dovish mood surrounding RBNZ. NZD/USD,D1 Pivot: 0.5970 Analysis: While the price is above 0.6200, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.5970 Take Profit 1: 0.5900 Take Profit 2: 0.5800 Alternative scenario: If level 0.6200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point...
