Why we are at a pivotal level. Might take time to sort itself out.
Cup complete, handle in formation, on watch for long entry.
Barred markets and dollar ripping to repetite all time highs, CAD long context as long as it holds 0.7830 level with history back to 2014 and freshly remounted 20 daily MA. On watch to catch end of retracement.
They might want to try to take the stops placed in the 111.65-70 area before a retracement to former support around 111.90. Patience.
And here we are at the 1.7750 pivotal level with roots back in 2014. Long bias, looking for long setup and market stopping making constant all time highs (which favours AUD). = alternative, more hedged way to long gold or jpy.
Soybean sitting on remounted 20 and 50dma, holding and basing so far. Long launchpad in the making. Caution, only experienced traders, dangerous beast.
And we start from the 111.94 resistance level published yesterday. Mark this level please, expect more chop around it before taking a direction ..
2+ years trendline test in the making in the low 0.75s. Prepare setup, react, DO NOT predict. Thanks.
Markets at all time highs again, and GC, JPY_F, TLT still hanging on well over year downtrendline, sitting on top of 20, 50, 200 daily MAs. Food for thought ..
111.70-95 turbolence area where will be looking for weakness. #JPY_F #EUR_F
Would be surprised if USDJPY doesn't attack 111.70 level in the next hours to take out stops there.