Key Highlights USD/JPY started an upside correction from the 150.50 zone. A major bearish trend line is forming with resistance at 152.50 on the 4-hour chart. EUR/USD is struggling to recover above the 1.0600 resistance. GBP/USD must settle above 1.2720 to start a decent increase. USD/JPY Technical Analysis The US Dollar started a major decline […]
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Daily Pivots: (S1) 150.97; (P) 151.46; (R1) 152.05; More… USD/JPY’s fall from 156.74 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 38.2% retracement of 139.57 to 156.74 at Read more…
Daily Pivots: (S1) 1.2656; (P) 1.2676; (R1) 1.2707; More… GBP/USD’s break of 1.2713 resistance indicates short term bottoming at 1.2486, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for Read more…
Daily Pivots: (S1) 0.8809; (P) 0.8828; (R1) 0.8851; More… Intraday bias in USD/CHF remains neutral for the moment. Further rally is still in favor as long as 0.8800 support holds. On the upside, break of Read more…