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EUR/JPY Technical Analysis– Prices pulled back from resistance at 130.72, the 38.2% Fibonacci expansion, to challenge the 23.6% levelat 128.51. This barrier is reinforced by a...
THE TAKEAWAY: US Dollar and SP 500 technical positioning hints that a reversal of recent moves may be brewing, although confirmation is absent for now. Capitalize...
Like last week, plans call for selling a USDJPY rally. A move into 100.17/26 would be most welcome. Why? 100.17 is the post FOMC minutes close...
GBP/JPY Technical Analysis– Prices took out support at 150.72, the 23.6% Fibonacci expansion, with sellers now challenging the 38.2% level at 149.30. A further break beneath...
EUR/USD Technical Analysis– Prices are pulling back from resistance at 1.3085, the 50% Fibonacci retracement. Near-term support is at 1.3007, the 38.2% level, with a break...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is up modestly on the day (+0.53%) as growth concerns out of China alongside...
USD/JPY Technical Analysis– Prices broke initial support at 99.17, the 23.6% Fibonacci expansion, exposing the 38.2% level at 97.72. A further push beneath that aims for...
US Dollar Technical Analysis– Prices turned lower as expected, with sellers now testing support at 10803 marked by the 38.2% Fibonacci retracement. A break downward on...
GBP/USD Technical Analysis – Prices are pulling back from resistance at 1.5171 marked the 38.2% Fibonacci retracement and reinforced by a formerly broken rising trend line....
USD/CAD Technical Analysis– Prices turned lower as expected after completing a bearish Evening Star candlestick pattern. Sellers have now cleared support at 1.0381, the 38.2% Fibonacciretracement,...