Daily Pivots: (S1) 151.41; (P) 151.61; (R1) 151.75; More… Intraday bias in USD/JPY remains neutral as sideway trading continues below 151.96. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.43). Nevertheless, sustained break of 151.93 key resistance will […]
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The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…