My overall bias is still bullish, but at current prices I’m not interested in chasing the move. From a technical perspective, the structure remains constructive. Since the June lows, GBP/USD has developed a clear bullish sequence and is now trading inside the 1.3560–1.3650 resistance area. This is exactly why, despite maintaining a bullish outlook, I would rather see a pullback before looking for new long opportunities.
EURUSD has entered a bullish consolidation phase. The Euro's sharp rise is underpinned by a sell-off in the US Dollar (USD) following a slump in US bond yields.
Gold remains supported after the latest Fed minutes kept the policy tone cautious, while the U.S. Treasury’s decision to increase long-end liquidity support buybacks has helped keep yields and the dollar softer. That backdrop continues to favor precious metals and supports buying interest on controlled pullbacks rather than aggressive chasing at highs.
Bitcoin is currently consolidating inside a contracting structure on the daily chart, with price compressing between descending resistance and rising support.
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Daily timeframe we have failed to break below the daily support showing us its a strong level.