• Australia has introduced new regulations treating crypto ATMs akin to traditional banking services.
  
• The UK's Financial Conduct Authority has registered Blackfridge's pound-backed stablecoin tGBP, marking a significant step in integrating GBP into the regulated digital asset ecosystem.
  
• Cryptocurrency industry advocates are pressing the U.S. Senate to pass stablecoin legislation without extended debate.
  
• The Bank of Italy has stated that the forthcoming digital euro will not mitigate the broader risks associated with cryptocurrencies.
  
• Shares of the Norwegian Block Exchange (NBX) rose significantly after the company announced plans to add Bitcoin to its balance sheet.
  

Your Daily Trading Strategy Check-in - Deriv Broker June 03, 2025 Newsletter 
 



Here are today's directional views from the global research desks of Trading Central! These are starting points for your research to identify opportunities that make sense for you.
 

 
Pivot:
1.3485
 
Our preference:
Long positions above 1.3485 with targets at 1.3558 & 1.3586 in extension.
 
Alternative scenario:
Below 1.3485, look for further downside with 1.3470 & 1.3444 as targets.
 
Comment:
Intraday technical indicators are mixed, calling for caution.
 

 
Pivot:
1.1370
 
Our preference:
Long positions above 1.1370 with targets at 1.1453 & 1.1480 in extension.
 
Alternative scenario:
Below 1.1370, look for further downside with 1.1357 & 1.1313 as targets.
 
Comment:
The immediate trend remains up, but the momentum is weak.
 

 
Pivot:
0.8154
 
Our preference:
Long positions above 0.8154 with targets at 0.8225 & 0.8250 in extension.
 
Alternative scenario:
Below 0.8154, look for further downside with 0.8120 & 0.8100 as targets.
 
Comment:
A support base at 0.8154 has formed, allowing for temporary stabilization.
 

 
Pivot:
5392.00
 
Our preference:
Short positions below 5392.00 with targets at 5307.00 & 5281.00 in extension.
 
Alternative scenario:
Above 5392.00, look for further upside with 5426.00 & 5445.00 as targets.
 
Comment:
As long as the resistance at 5392.00 is not surpassed, the risk of the break below 5307.00 remains high.
 

 
Pivot:
3378.00
 
Our preference:
Short positions below 3378.00 with targets at 3345.00 & 3325.00 in extension.
 
Alternative scenario:
Above 3378.00, look for further upside with 3392.00 & 3405.00 as targets.
 
Comment:
As long as the resistance at 3378.00 is not surpassed, the risk of the break below 3345.00 remains high.
 

 
Pivot:
24120.00
 
Our preference:
Short positions below 24120.00 with targets at 23765.00 & 23600.00 in extension.
 
Alternative scenario:
Above 24120.00, look for further upside with 24210.00 & 24420.00 as targets.
 
Comment:
As long as the resistance at 24120.00 is not surpassed, the risk of the break below 23765.00 remains high.
 

 
Pivot:
7790.00
 
Our preference:
Short positions below 7790.00 with targets at 7660.00 & 7600.00 in extension.
 
Alternative scenario:
Above 7790.00, look for further upside with 7842.00 & 7870.00 as targets.
 
Comment:
As long as the resistance at 7790.00 is not surpassed, the risk of the break below 7660.00 remains high.
 

 
Pivot:
64.35
 
Our preference:
Long positions above 64.35 with targets at 65.50 & 66.00 in extension.
 
Alternative scenario:
Below 64.35, look for further downside, with 63.75 and 63.20 as potential targets.
 
Comment:
A support base at 64.35 has formed, allowing for temporary stabilization.