USD/JPY: On the H4, price is bullish biased as it’s testing the first resistance at 135.599 which coincides with the 61.8% Fibonacci retracement and the previous swing low. If price breaks this level, it will move up to test at the second resistance which is the previous swing high at 137.506. Alternatively, price could pull […]
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Daily Pivots: (S1) 1.7367; (P) 1.7431; (R1) 1.7521; More… Intraday bias in EUR/AUD remains neutral at this point. Further fall is in favor as long as 1.7628 resistance holds. Below 1.7245 will target 61.8% retracement Read more…
Daily Pivots: (S1) 0.9382; (P) 0.9402; (R1) 0.9430; More…. Intraday bias in EUR/CHF remains neutral as range trading continues. Rebound from 0.9218 is either as a corrective move or the third leg of the pattern Read more…
Markets The new leg in the ‘reflation rebound’ as triggered by a promising outcome in US-Sino trade talks last weekend ran into resistance. US yields yesterday were closing in on some kind of a technical Read more…