Daily Pivots: (S1) 0.6626; (P) 0.6696; (R1) 0.6743; More… Intraday bias in turned neutral against first. On the downside, sustained break of 38.2% retracement of 0.6169 to 0.6892 at 0.6616 will indicate rejection by 0.66871 Read more…
Daily Pivots: (S1) 131.78; (P) 132.24; (R1) 132.85; More… USD/JPY is still bounded in tight range above 130.55 and intraday bias remains neutral. Immediate focus remains on 55 week EMA (now at 131.76). Decisive break Read more…
Daily Pivots: (S1) 0.9250; (P) 0.9286; (R1) 0.9344; More… Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Further decline is in favor with 0.9378 resistance intact. On the downside, break Read more…
Daily Pivots: (S1) 1.1974; (P) 1.2061; (R1) 1.2129; More… No change in GBP/USD’s outlook. Intraday bias stays on the downside as fall form 1.2445 is in progress for 55 day EMA (now at 1.1900). Firm Read more…
Daily Pivots: (S1) 1.0562; (P) 1.0611; (R1) 1.0648; More… Intraday bias in EUR/USD stays neutral as range trading continues. Further rally is expected as long as 1.0481 resistance turned support holds. Firm break of 61.8% Read more…
Trading is rather subdued in pre-holiday markets today. Yen was softer in Asian session but remains the strongest one for the week, maintaining most of post-BoJ gains. There was little reaction to CPI data from Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to Read more…
Japan CPI core (all item ex fresh food) accelerate further from 3.6% yoy to 3.7% yoy in November, matched expectations. That’s also the highest level in more than 40 years since 1981. CPI core-core (all Read more…
Key Highlights USD/JPY found support near the 130.55 zone and corrected higher. It could struggle near the 134.00 resistance zone on the 4-hours chart. The US GDP grew 3.2% in Q3 2022, better than the Read more…
In this technical blog we’re going to take a quick look at the Elliott Wave charts of ETHUSD . As our members know ETH is showing incomplete sequences in the cycle from the 08/15 peak. Read more…