For December 28, 2023: Major pairs exhibit mixed movements with potential for both bullish and bearish scenarios.



  • Euro broke above a long-term price channel (May 2021-present) and entered a new, rising channel.
  • Potential for further growth towards 1.1385, with 1.1185 acting as a potential intermediate support.
  • Marlin oscillator confirms bullish momentum.



  • Pound surged past resistance at 1.2745 and targets 1.2837, potentially reaching 1.2930 and beyond.
  • Positive Marlin oscillator reinforces the optimistic outlook.
  • Wait for confirmation at 1.2930 before entering long positions.



  • Bearish momentum approaching key support levels (1.3152, 1.3121).
  • Resistance exists at 1.3260 and 1.3320, potentially halting upward movements.
  • Monitor price behavior near support levels for potential buying opportunities.



  • Tested target support at 141.23 after reversing from 142.70.
  • Breaking below opens doors to 140.35 and 138.46.
  • Marlin oscillator and technical indicators suggest further downside potential.
Categories: ARFX News

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