TRENDING:

XAU/USD

Silver

USD/JPY: Positive bias, for 111.45 target zone

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1281

The break below 1.1290 clearly shows a negative bias, for a dip to 1.1214 low. Initial intraday resistance is projected at 1.1300.

resistance
intraday	intraweek
1.1300	1.1630
1.1350	1.1820

support
intraday	intraweek
1.1214	1.1214
1.1214	1.1100

resistance

intraday

intraweek

1.1300

1.1630

1.1350

1.1820

support

intraday

intraweek

1.1214

1.1100

USD/JPY Current level - 110.57

The pair broke through 110.20 hurdle and the outlook remains positive, for a rise towards 111.45 area. Initial support lies at 110.20.

resistance
intraday	intraweek
111.45	111.45
112.10	114.50

support
intraday	intraweek
110.20	106.70
109.60	104.60

resistance

intraday

intraweek

111.45

112.10

114.50

support

intraday

intraweek

110.20

106.70

109.60

104.60

GBP/USD Current level - 1.2864

The bias is bearish, for a break through 1.2800, towards 1.2700 area. Initial resistance lies at 1.2890.

resistance
intraday	intraweek
1.2890	1.3290
1.3000	1.3480

support
intraday	intraweek
1.2800	1.2800
1.2700	1.2610

resistance

intraday

intraweek

1.2890

1.3290

1.3000

1.3480

support

intraday

intraweek

1.2800

1.2700

1.2610

Author

Stoyan Mihaylov

DeltaStock.com

Stoyan Mihaylov, 42 years old, a Financial Analyst at Deltastock Inc, has an sixteen-year background as a senior FX Dealer, trading spot and outright forwards.

EUR/USD hits two-day highs near 1.1820

EUR/USD picks up pace and reaches two-day tops around 1.1820 at the end of the week. The pair’s move higher comes on the back of renewed weakness in the US Dollar amid growing talk that the Fed could deliver an interest rate cut as early as March. On the docket, the flash US Consumer Sentiment improves to 57.3 in February.

GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

Three scenarios for Japanese Yen ahead of snap election

The latest polls point to a dominant win for the ruling bloc at the upcoming Japanese snap election. The larger Sanae Takaichi’s mandate, the more investors fear faster implementation of tax cuts and spending plans.

XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.