Volatility continues in the major pairs...

Crypto and Forex Bulletin 3 March 2022

Bitcoin We have seen a range-bound move in the past few sessions. Now next support around 43500 and major hurdle around 45000. Break and sustain above 45000 will see fresh upside move till 45500 and then to 45800 levels in upcoming sessions. If able close below 43500 on an hourly basis then it will test 43100-42600 levels in upcoming sessions.

Ethereum After a positive move, we have seen some consolidation at higher levels. Now next support around 2900 and major hurdle around 3050. Break above 3050 will test 3100-3140 levels in the upcoming session. Short-term weakness will expect on an hourly close below 2900 levels.

EUR/USD Support around 1.1050 and next hurdle around 1.1105. A break above 1.1105 will test 1.1130-1.1150 levels in upcoming sessions. Fresh weakness will expect below 1.1050 levels till 1.1020 levels.

GBP/JPY Looks slightly positive on charts. Support around 153 and hurdle around 153.70. Break above 153.70 will test 154 levels in upcoming sessions.

USD/JPY The pair is trying to bounce from support levels. Support around 114.80 and hurdle around 115.30. Break and sustain above 115.30 will test 115.50-115.80 levels.

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