EUR/USD
The British Pound sliced through the 1.33 level going during the yesterday’s session but got enough support around the 1.32 level to continue higher. The market overall is in a downtrend momentum and is likely to reach towards the 1.30 level in next several sessions. Selling in rallies to continue in the market as there is a massive amount of bearish pressure in the market. …Read More
GBP/USD
The pair started the week with a bearish tone as it tested the 1.33 level underneath for support. It is likely that this level will be difficult for the market to hold and will break below to reach towards the 1.30 level in the next several sessions. Short-term rallies will continue to offer good selling opportunity as British Pound lack momentum to arrest the downfall. …Read More
AUD/USD
The AUD has fallen a bit during the Tuesday’s session reaching down towards the 0.75 level which is an important psychological level and is likely to hold the level. If it goes below this level, then the next major resistance point is 0.7350 level. On the upside, 0.7575 level will continue to offer strong resistance that extends to the 0.77 level. …Read More
USD/JPY
The USD fell significantly during the yesterday’s session reaching down towards the 108.50 level but bounced higher from there to 109 level, an area that was previous support and should offer resistance now. If this market breaks above the 110 level, it should continue to reach higher towards the 111 level. …Read More