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| | |-+  GBP/SGD remains on the downside for the moment
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Author Topic: GBP/SGD remains on the downside for the moment  (Read 88 times)
susanaP
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« on: July 25, 2018, 06:05:14 AM »

EUR/JPY’s break of 129.90 argues that rise from 124.61 has completed at 131.97 already, on bearish divergence condition in 4 hour MACD. Intraday bias is back on the downside for 127.13 support first. Break there will confirm this bearish case and target 124.61 low. On the upside, break of 131.97 is now needed to indicate resumption of rise from 127.13. Otherwise, risk will stay mildly on the downside even in case of rebound.

Intraday bias in GBP/SGD remains on the downside for the moment. Consolidation pattern from 143.18 has completed with three waves up to 1 dollar is how many pounds at  149.30 already. Deeper fall should be seen back to 143.18/76 support zone. On the upside, above 147.65 minor resistance will turn bias back to the upside for 149.30/99 resistance zone instead.
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