Technically, EURJPY has reached strong monthly and weekly support. The ECB expected to reinforce its dovish policy settings at this week’s policy meeting which will skyrocket the EUR pairs. It would be a very good entry point if it closes to above 129.35. FX:EURJPY
Looks like direction changed - Another 4 hour target 130.5 . SL 129.920 TP1- 130.5 TP2 - 130.8 TP3 - 131.45
What to expect next week? A pullback is inevitable but new high to 11,000 ??? or low to 10,670->10,300 ->9,700 ??? My analysis for July 13-18: It would be mostly range-bound between 10980-10580 . Please share your thoughts
Simple trend line @3071-3083 - Short Target -1 : 3007 Target- 2 :2930 :-)
Strong support ,hence it will go for retest and then down to all time high if RBA rate cut happens.
Fed has adjusted its body language, with Fed Chairman Jerome Powell earlier this week signaling that the central bank may be inclined to cut rates if the economic backdrop worsens, but that isn’t a certainty!!! A big drop on its way !!!
D AX30 TVC:DEU30 , Pullback ! - Tendency: Downward - Forming bottom - Test support weekly => Pullback.
China says agreed with U.S. to keep talking over trade war .It's just my thought and not advise.