After head-shoulders neckline 1.3800 broken, we finally have arrived the 1.3000 level last week. Where are we going from this point on?
Fed is planning for 2 More Hike in 2016. 9 Months to go, So what's gonna be?
After about 10 days sell off, USDJPY seemly found its bottom at 111.00 level last Friday as crude found its recover from low 27$ per barrel, too. On the other hand, bear takes over control on the monthly chart. FOMC and CPI are up this week. Let's see if the sell off would finally stop or not.
We have EURGBP losing upstream momentum on daily chart (red arrow). Price failed to break above 0.7700 and currently retreated back down at the 0.7600 level while RSI and MACD both showing weakening. Also price seems like on its wave C down to 0.7540
After last week's decent, price is not rebounded at the 38.2% level or 1.4250 towards the end of last week.
$USDJPY 116.50 holding while Crude Oil breaks bellow 30 dollars per barrel. How far would oil go? How far would dollar go? Will 116.50 held back in August in 2015 finally be holding the USDJPY week as oil continue making new lows??
Big Forex week which event would make the drive? What I care and care ONLY this week? US JOB! The rest is just blah blah and blah.
NFP NFP NFP (marked in orange), 123.50 make it or break it. A better than expected NFP would boot the chance rate hike by 2015; if not, possibly see the hike comes in next week, or NEVER. Good luck.
Heavy news week for AUDUSD. We have the 0.7300 is currently holding after a disappointing USD ISM Manufacturing number and a surprisingly better than expected AUD GDP number. Now let's see how this week is going to play out. For now, I'd say if Friday's release misses it mark, we would see a possible breakout above the 0.7450 mark.
ERUSUD Week 11/22/19 Levels and Event Marks
USDJPY forms flag pattern heading to USD inflation data release on 11/17. Let's see if the 123.00 level will or will not hold.
USDJPY down from 123.50 level. Now price hits the 38.2% at 123.00. I am curious to see how price would react to the 123.00 level.
After a externally good NFP Friday, we might have the green light to the Dec hike. Price is expect to raise as long as the next NFP does not make a U-Turn.
After FOMC stated possibility rate hike in Dec as China is stabilizing, I'd expect USDJPY returns back to its 125.00 level in the following week. What do you think? Let me know in the comment section below!
Good morning everyone. As we are heading in the the NFP release, I'd suspect any even, or better than expected NFP and employment number would send usdjpy from 122.00 to 123.00 (depends on the numbers). In today's setup, I am only interested in BUY only.
USDJPY has established resistant at 122.00 and support at 121.50 as we are heading into the NFP in less than 17 hours. Let's see how the range holding up as NFP and unemployment rate unveiled. In 17 hours, USD Non-Farm Employment Change USD Unemployment Rate
Just couple hours from the next major GBP news release as GBPJPY managed to stay above the 186.00 level. 3 levels I am looking at: 187.00, 186.00 and 185.00. Stay tuned for more updates later on.
AUDUSD is moving lower from the 0.7200 in London Section. 0.7150 seems like a ideal target for now.