Daily Pivots: (S1) 150.43; (P) 150.64; (R1) 150.91; More… Immediate focus is now on 149.51 minor support in USD/JPY. Considering bearish divergence condition in 4H MACD, firm break of 149.51 should confirm short term topping at 150.87. Intraday bias will then be back on the downside for channel support (now at 148.20), even as a […]
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US 100 index trades sideways, a tad below its all-time high It continues to battle with the August 5, 2024 trendline Momentum indicators are modestly bullish at this stage The US 100 cash index is Read more…
The start of the final trading week of November has been eventful. Several currency pairs experienced a “gap” or price difference between Friday’s close and Monday’s opening. For instance, the GBP/USD pair opened 60 pips Read more…
USDJPY loses ground around 200-day SMA RSI and MACD head south USDJPY has declined considerably toward the 200-day simple moving average (SMA) around 152.10, with the potential to hit the short-term uptrend line before heading Read more…