The upside move has been gathering pace over the past 2 days. Thanks to a better than expected CPI, we have seen the pair breaking through its record high at 1,10 during the asian session.
The pair remains under pressure as it evolves in a clear bearish trend. However, the market seems to consolidate on top of 0,94. A break below this level though would accelerate decline.
The pair has been consolidating yesterday as the market is testing the psychological 0,80 level.
The pair remains under pressure while trying to establish below 78,00. Next target is given by March low at 76,30.
The GPB/USD has confirmed its bullish momentum yesterday with an acceleration above 1,6350 (last week high). We now expect a continuation towards 1,66 (weekly bollinger band).
The pair continues to push higher while breaking above its significant daily descending trendline. A confirmation of the breakout would expose 1,46 and then 1,47 (weekly bollinger band).
The Aussie has resumed its move to the upside overnight after 2 days of consolidation. The break above the daily range has now been confirmed with the pullback on 1,08 yesterday and we now expect a test...
The pair remains under pressure as it evolves in a clear bearish trend. We will hold a bearish bias until we see a clear reversal structure building. It is not yet the case as the market tries...
After one week consolidation, the pair has finally broken through its hostorical low which. The market is now testing the 0,80 level.
The pair continues to trade lower and is now testing the 78,00 level. If the market establishes below this support, we might see a continuation towards March low at 76,30.