Mr. British Pound Could Pull Back

The pick of the day is GBP/USD, as Mr. British pound dances against Ms. USA in an upward channel on the daily dance floor. As you probably remember we made some pips on the pair first week of April. I got out of the market at the 1.67 level and the pair continued its way up to reach this year’s fresh high at the 1.68190. With the RSI teasing the overbought zone, I’m thinking that the pair could see a pull back with 1.65 and 1.63 as targets. I’m not touching this pair as of now because of my personal risk management but I have set a bullish entry order for when the pair hits 1.65 again, setting my stop loss at 1.63, and my bullish targets at 1.704 and 1.74. Now if the pair suddenly decides to go nuts and break below 1.62, that will change our outlook to bearish with 1.587 and 1.56 in extension.

If you have a burning forex question you need to be answered, hop on Invest Diva community and submit your question for a chance of it being answered on our Q&A Friday show!

Long term traders. Don’t sweat the small losses and look at the big picture. Short term traders, invest responsibly. And all of you, enroll in Invest Diva’s program today and learn forex with 100s of awesome education videos.

Intraday Forex Technical Levels

EUR/USD Intraday: rebound

Our preference: Long positions above 1.381 with targets @ 1.3865 & 1.388 in extension.

Alternative scenario: Below 1.381 look for further downside with 1.379 & 1.377 as targets.

Comment: The pair is rebounding and is breaking above its resistance.

Supports and resistances:
1.39
1.388
1.3865
1.3838 Last
1.381
1.379
1.377

GBP/USD Intraday: the upside prevails

Our preference: Long positions above 1.675 with targets @ 1.682 & 1.685 in extension.

Alternative scenario: Below 1.675 look for further downside with 1.6715 & 1.669 as targets.

Comment: The pair has broken above its resistance and remains on the upside.

Supports and resistances:
1.69
1.685
1.682
1.6794 Last
1.675
1.6715
1.669

USD/JPY Intraday: the upside prevails.

Our preference: Long positions above 101.95 with targets @ 102.4 & 102.6 in extension.

Alternative scenario: Below 101.95 look for further downside with 101.65 & 101.45 as targets.

Comment: The pair has broken above its resistance and should post further advance.

Supports and resistances:
103
102.6
102.4
102.255 Last
101.95
101.65
101.45

USD/CHF Intraday: the bias remains bullish.

Our preference: Long positions above 0.8775 with targets @ 0.8805 & 0.8825 in extension.

Alternative scenario: Below 0.8775 look for further downside with 0.8755 & 0.8735 as targets.

Comment: The pair is rebounding above its support as the RSI is turning up.

Supports and resistances:
0.8845
0.8825
0.8805
0.8793 Last
0.8775
0.8755
0.8735

NZD/USD Intraday: key resistance at 0.863.

Our preference: Short positions below 0.863 with targets @ 0.857 & 0.8545 in extension.

Alternative scenario: Above 0.863 look for further upside with 0.866 & 0.869 as targets.

Comment: As long as the resistance at 0.863 is not surpassed, the risk of the break below 0.857 remains high.

Supports and resistances:
0.869
0.866
0.863
0.86 Last
0.857
0.8545
0.8515

AUD/USD Intraday: intraday support around 0.9325.

Our preference: Long positions above 0.9325 with targets @ 0.938 & 0.9425 in extension.

Alternative scenario: Below 0.9325 look for further downside with 0.929 & 0.925 as targets.

Comment: The RSI calls for a rebound.

Supports and resistances:
0.946
0.9425
0.938
0.9363 Last
0.9325
0.929
0.925

USD/CAD Intraday: intraday support around 1.0965.

Our preference: Long positions above 1.0965 with targets @ 1.101 & 1.103 in extension.

Alternative scenario: Below 1.0965 look for further downside with 1.094 & 1.0915 as targets.

Comment: The RSI is well directed. The pair is trading in a slightly ascending channel as the RSI is well directed.

Supports and resistances:
1.1045
1.103
1.101
1.0985 Last
1.0965
1.094
1.0915

FunnelHubSupport

Bitcoin Drops Entering 2026: Is It Still Worth Investing? The Answer Most Investors Miss

January 2, 2026 No Comments

Bitcoin has entered 2026 under pressure, with prices pulling back after a volatile period that left many investors questioning whether the opportunity has passed. Headlines are once again split between fear and optimism, with some calling the recent drop a warning sign and others viewing it as a healthy reset.

Unlike speculative assets that rely on constant growth stories, Bitcoin’s relevance continues to rest on its role as a scarce, decentralised digital asset that operates outside traditional financial systems. The key question for investors now is not whether Bitcoin will remain volatile – but whether this moment represents risk, opportunity, or something most investors misunderstand.

3 Bullish And 3 Risky Forces Shaping American Express Stock (AXP) Into 2026

December 26, 2025 No Comments

American Express is often viewed as a mature, well understood credit card company, but its role in the financial system is broader than many investors realize.

It sits at the center of consumer spending, business payments, travel, credit risk, and data driven decision making. As these areas evolve, the dynamics shaping American Express stock are becoming more complex and, in some cases, less obvious.

Premium consumer behavior, business spending patterns, regulatory scrutiny, and technological change are all influencing how payment companies operate and compete.

Micron Stock Surges After Blowout Earnings: Is MU Still A Buy In 2026?

December 19, 2025 No Comments

Micron Technology (NASDAQ: MU) has quietly become one of the most important companies supporting the AI boom – even if it doesn’t receive the same attention as Nvidia or other high-profile AI names.

While much of the focus is on GPUs and AI software, Micron operates behind the scenes, supplying the memory that allows AI systems, data centres, and cloud platforms to function at scale.

Following a strong earnings update, Micron’s stock surged and quickly returned to the centre of market attention. The rally reflects growing confidence that the company’s strategic shift away from lower margin consumer products toward higher-value enterprise and data-centre memory is gaining traction.

Why Big Tech Is Quietly Buying Western Digital (WDC) Stock

December 12, 2025 No Comments

Western Digital Corporation (WDC) has been on a tear, its stock price soaring over 270% year-to-date as of early December 2025.

This massive growth isn’t just hype; it’s fueled by a perfect storm of events, including the strategic spin-off of its flash business, SanDisk, and an insatiable global demand for data storage driven by the AI revolution.

As a now “pure-play” Hard Disk Drive (HDD) manufacturer, WDC is uniquely positioned as the landlord for the internet’s exploding data. But with such a meteoric rise, is there still room for growth, or is the stock overheated?

Marvell (MRVL) Stock: The Hidden AI Powerhouse Wall Street Keeps Underestimating

December 5, 2025 No Comments

Marvell Technology (NASDAQ: MRVL) is quickly becoming one of the most important companies in the AI infrastructure space – even though many investors still aren’t sure what the business actually does.

While most headlines focus on Nvidia and its GPUs, Marvell builds the networking, optical, and custom silicon chips that help AI models move data faster and run more efficiently. In its latest earnings report, Marvell posted strong double-digit growth in its data center business and shared bold guidance for the next few years, sending MRVL stock higher.

2 Months Ago Oracle Stock (ORCL) Was Flying And Now… The Mood Has Flipped. Is A Comeback Still On The Table?

November 28, 2025 No Comments

Oracle is one of the biggest names in enterprise software and cloud services. They power databases used by governments, banks, hospitals, airlines, and global corporations. For years they were known for steady tech growth, not big surprises.

Then something wild happened.

Only two months ago Oracle stock was flying. Analysts cheered. AI deals stacked up. The company felt like it had finally stepped into a new era.

Now the mood has flipped.