GJ price drop to the low of 6july and & 16 june strong demand zone in 4h we see clear double bottom structure and now price is rebounding. Rsi bullish divergence shows buyers bias. Bulls try to hold this level and trying to push price upside now wait for the breakout of 162.44 level than entr buy position with the target of 162.35, 163.92 and above levels i...
EURCHF has seen a conclusive break of key support from its 1.1056/51 range lows to mark a resumption of its core downtrend, in line with our broader bearish stance following the completion of a large bearish continuation pattern in late June. We look for the trend to stay directly bearish with support seen next at 1.0989/84, but with the next meaningful support...
1.2340/55 is the short term resistance and a good risk-reward selling point
AUDNZD finally reached its support 1.0397/05. Now recovering to resistance -->former support 1.0445/50 followed by 1.0490/95. Ideally, Resell the rally either 1.0490 or 1.0530/45.
This AUDJPY seems to be forming a base with support 75.00/20. The quick move back up from the trendline and the 75.00/20 zone is promising. Let s see if we can move back above 76.20/35.
RISK TO REWARD 2-1 USDCAD SELL WITH TAKEPROFIT @110PIPS AND BONUS OF 40PIPS TAKEPROFIT
Can we test 9.4175 then 9.4475?
One of the biggest movers overnight, JPY is down 0.41% vs USD in the G10 space. CitiFX Technicals points out that 10y in US have broken out and real yields are pushing higher. 10y JGBs still stay in the rare negative area suggesting USDJPY should push higher. We would caution around chasing this move here but expect to see buyers around 111.40-50 area. Yields...
A break of this 0.8620 is calling for the completion of a top. GBPUSD is on the move with the help of political comments pushing the EURGBP to lower level. Reaction High at 0.8620/30. Sell rally.
USDYEN: On the left daily time frame. 111.35 the 200 SDMA On the right short term 111.40 (rejection high). 111.37 (low 26 OCT18) Thats the frist serious resistance followed by 111.55 then 111.77/80. I am flat looking to sell.