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Oil, Crude, trading
Read More »GBP: surrender against Usd 19/8/2022
GBP/JPY: tends to fall 18/8/2022
The British pound achieved the first bullish target required to be touched during the previous analysis at 163.45, recording its highest level at 163.57. Technically, the current moves are witnessing intraday stability below the psychological barrier of 163.00, as we find the negative signs started to appear on the stochastic …
Read More »GBP: negative side needs confirmations 18/8/2022
Oil, Crude, trading
Read More »Market Drivers – European Session 17/8/2022
European shares rose for the sixth consecutive session on Wednesday, boosted by a rally in financial stocks as investors focused on economic growth and inflation data in the eurozone due for release this week. The pan-European Stoxx 600 index rose 0.2 percent in early trading, hovering near its highest level …
Read More »GBP/JPY: maintains bullish trend 17/8/2022
Positive movements dominated the pound sterling against the Japanese yen, building on 160.00, the psychological barrier support, rebound upwards, and reach the highest level at 162.74. Technically, we tend to be positive but cautiously, relying on the positive motive of the 50-day simple moving average and the apparent positive momentum …
Read More »GBP building on support ahead of inflation data 17/8/2022
Oil, Crude, trading
Read More »Market Drivers – European Session 16/8/2022
European shares extended gains for the fifth consecutive session on Tuesday, supported by the mining and defense sectors, although fears of a possible recession limited the pace of the indices’ upside. An internal European Union document shows the bloc plans to fivefold financial support for an African military mission in …
Read More »GBP/JPY: may witness an intraday rise 16/8/2022
GBP/JPY incurred a big day yesterday, recording its lowest level during the first trading sessions of this week, around the 160.10 level. There are currently limited positive movements, trying to benefit from the support level of 160.00. We find the stochastic indicator trying to provide additional momentum on the short …
Read More »GBP sees a technical structure that supports the decline 16/8/2022
Oil, Crude, trading
Read More »GBP/JPY: repeats the chances of rising 12/8/2022
Mixed trading dominated the movements of GBP/JPY during the previous trading session to return to the positive range, building on the support level of 161.80. On the technical side, the current moves are witnessing a slight bullish bias as a result of the intraday stability above 161.60, accompanied by the …
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