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USD/JPY Technical Analysis– Prices are testing resistance at 99.47, the 50% Fibonacci expansion. This barrier is reinforced by the psychologically significant 100.00 barrier. A break above...
Pivot: 94.85 Our Preference: Bearish below 94.85 with targets @ 84 77.3 in extension. Alternative Scenario: Above 94.85 eye a bounce towards 98.1 and 100.6 in...
Pivot: 0.8550. Our preference: SHORT positions below 0.855 with 0.85 0.8485 in sight. Alternative scenario: The upside penetration of 0.855 will call for 0.857 0.859. Comment:...
Pivot: 1.5220. Our preference: LONG positions above 1.522 with 1.5285 1.5315 in sight. Alternative scenario: The downside penetration of 1.522 will call for a slide towards...
THE TAKEAWAY: The US Dollar continued to grind higher, seemingly deviating from pure risk on/off dynamics, as the SP 500 rebounded to take aim at the...
Pivot: 128.5 Our preference: Long positions above 128.5 with targets @ 129.9 130.65 in extension. Alternative scenario: Below 128.5 look for further downside with 127.85 127.5...
Pivot: 1.522 Our preference: Long positions above 1.522 with targets @ 1.5285 1.5315 in extension. Alternative scenario: Below 1.522 look for further downside with 1.5195 1.517...
Pivot: 0.941 Our preference: Long positions above 0.941 with targets @ 0.9495 0.9525 in extension. Alternative scenario: Below 0.941 look for further downside with 0.938 0.9315...
Pivot: 1.025 Our preference: Long positions above 1.025 with targets @ 1.029 1.0315 in extension. Alternative scenario: Below 1.025 look for further downside with 1.023 1.02...
Pivot: 150.6 Our preference: Long positions above 150.6 with targets @ 152.15 152.55 in extension. Alternative scenario: Below 150.6 look for further downside with 149.6 148.6...