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Forex

USDJPY Correcting Lower As US Yields Drop
USDJPY Correcting Lower As US Yields Drop

Japanese CPI RisesThe Japanese Yen is turning higher today on the back of the latest set of inflation figures, released overnight. BOJ core CPI was seen rising to 3.4% last month, up from 3.3% a month...

GBPJPY H4 | Bearish reversal off 161.8% fibo?
GBPJPY H4 | Bearish reversal off 161.8% fibo?

TitleGBPJPY H4 | Bearish reversal off 161.8% fibo?TypeBearish ReversalPreference:Price is rising towards our pivot point at 183.76, which is a swing high resistance level, aligning with the 161.8%...

Daily Market Outlook, October 24, 2023
Daily Market Outlook, October 24, 2023

Daily Market Outlook, October 24, 2023Munnelly’s Market Commentary… Asia - Asian stocks edged up on Tuesday, recovering slightly from their lowest level since November 2022, while the dollar softened...

GBPUSD H4 | Reacting off resistance?
GBPUSD H4 | Reacting off resistance?

TitleGBPUSD H4 | Reacting off resistance?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.2263 which serves as a pullback resistance level. A reversal from this point...

GBPUSD Rallying on Weak USD & Better UK Data
GBPUSD Rallying on Weak USD & Better UK Data

UK Unemployment Rate Drops AgainGBP is moving higher today against USD as a combination of a weaker Dollar and some better-than-forecast UK data helps lift the pair. The UK unemployment rate was seen...

AUDUSD D1 |  Falling to pullback support
AUDUSD D1 |  Falling to pullback support

TitleAUDUSD D1 |  Falling to pullback supportTypeBullish BouncePreference:Price could fall towards the pivot point of 0.62919 which is a pullback support level and potentially reverse from here; we...

EURJPY Pushing Back to Highs Ahead of ECB
EURJPY Pushing Back to Highs Ahead of ECB

ECB In Focus This WeekEUR will be in focus this week with the October ECB meeting on Thursday the headline event for the week. While the bank is widely expected to hold rates unchanged, there is some...

EURJPY H4 | Bullish bounce off 38.2% fibo?
EURJPY H4 | Bullish bounce off 38.2% fibo?

TitleEURJPY H4 | Bullish bounce off 38.2% fibo?TypeBullish BouncePreference:Price could potentially bounce off our pivot point at 158.49, which is an overlap support level, aligning with the 38.2%...

Daily Market Outlook, October 23, 2023
Daily Market Outlook, October 23, 2023

Daily Market Outlook, October 23, 2023Munnelly’s Market Commentary… Asia - Asian equity markets saw declines, partially reflecting the losses in European and US markets from Friday. However, futures...