The GBP/JPY currency pair continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds.
Key Level: 196.50
This zone, previously a consolidation area, now acts as a significant resistance level.
Bearish Scenario (rejection...
The GBPCHF currency pair continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds.
Key Level: 1.1070
This zone, previously a consolidation area, now acts as a significant resistance level.
Bearish Scenario (rejection at...
Trend Overview:
EURGBP remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.8510 (primary pivot), followed by 0.8490 and 0.8470
Resistance: 0.8570 (initial), then...
The GBPUSD currency pair maintains a bullish price action structure, supported by the ongoing rising trend. Current intraday movement appears to be a corrective pullback within a consolidation phase, potentially offering a buying opportunity within the broader uptrend.
Key Technical Levels:
Support (Key Trading Level): 1.3380 (prior consolidation...
The DAX equity index remains in a bearish technical setup, in line with the prevailing downward trend. Recent price action is forming a corrective pullback, suggesting temporary relief within a broader negative structure.
Key Technical Levels:
Resistance: 23,700 (previous intraday consolidation zone)
Support levels:
22,880 (initial target)
22,640
22,500...
Key Market Drivers:
1. Australia Jobs Data (May)
• Jobs unexpectedly fell → AUD weakened
• AUDUSD dipped toward support; bearish bias unless RBA signals hawkish stance
• Best plays: Short AUD vs NZD, USD
2. Swiss & Norwegian Rate Cuts
• SNB cut to 0.0%, Norges Bank cut to 4.25%
• Both were dovish surprises → CHF and NOK sold off
• Best plays: Long USDCHF, EURCHF,...
Key Support and Resistance Levels
Resistance Level 1: 2170
Resistance Level 2: 2195
Resistance Level 3: 2242
Support Level 1: 2074
Support Level 2: 2050
Support Level 3: 2000
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not...
Geopolitics & Market Sentiment
Iran-Israel conflict enters its sixth day, raising fears of broader escalation.
Speculation is building that Donald Trump may authorize the use of the Massive Ordnance Penetrator (bunker-buster bomb) to target Iran’s nuclear facilities.
Trump is also meeting with Pakistan’s army chief today for talks on Iran, adding to geopolitical...
Key Support and Resistance Levels
Resistance Level 1: 77.50
Resistance Level 2: 78.90
Resistance Level 3: 80.50
Support Level 1: 73.50
Support Level 2: 72.30
Support Level 3: 71.00
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is...
WTI Price: Trading around $74.60, extending gains in European trading hours.
Key Drivers Today:
Geopolitical Risk:
Tensions between Israel and Iran are rising.
Trump called for Iran’s “unconditional surrender,” increasing fears of US involvement.
Iran may shut the Strait of Hormuz — a key oil shipping route — which could disrupt supply and push prices...
Key Support and Resistance Levels
Resistance Level 1: 7788
Resistance Level 2: 7920
Resistance Level 3: 7995
Support Level 1: 7630
Support Level 2: 7578
Support Level 3: 7500
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not...
Trend Overview:
The FTSE100 equity index remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 8800 (primary pivot), followed by 8760 and 8700
Resistance: 8940 (initial),...
🇺🇸 US
Housing & Jobless Data: Signs of slowdown could boost rate cut bets and weaken the USD. Strong numbers may do the opposite.
TIC Flows: Shows foreign demand for US assets—important for long-term USD strength.
🇬🇧 UK
May Inflation (CPI): A hot reading could delay Bank of England rate cuts and strengthen the pound. A weak reading would do the opposite.
🇯🇵...
Trend Overview:
Bitcoin BTCUSD remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 103,620 (primary pivot), followed by 101,770 and 100,140
Resistance: 109.830...
Key Support and Resistance Levels
Resistance Level 1: 42880
Resistance Level 2: 43540
Resistance Level 3: 42940
Support Level 1: 41800
Support Level 2: 41400
Support Level 3: 41100
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is...
Geopolitics & Markets:
Donald Trump left the G-7 early, denying it was to negotiate peace between Israel and Iran. He floated sending JD Vance or Steven Witkoff for talks but denied direct outreach to Iran.
Tensions escalated as Israel bombarded Iran, which retaliated with missiles and drones. Trump briefly alarmed markets by calling for the evacuation of...
Trend Overview:
EURAUD is currently exhibiting a bullish trend, with recent price action reflecting a retest of former resistance (now acting as support)—a classic bullish continuation pattern.
Key Support Level:
1.7660 – A pivotal zone representing the previous consolidation area. This level now serves as key support and a decision point for the next...
Trend Overview:
EUR/CHF continues to display a bearish trend, with current price action forming a corrective pullback against the broader downward momentum.
Key Resistance Level:
0.9430 – This is a significant previous intraday consolidation zone and currently acts as a pivotal resistance level.
Bearish Scenario (Primary Bias):
A short-term oversold rally into...
