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EUR/JPY Technical Analysis – Prices broke lower as expected after putting in a Bearish Engulfing candlestick pattern. Prices are testing support at 129.76, the 38.2% Fibonacci...
GBP/JPY Technical Analysis – Prices broke lower as expected after putting in a bearish Dark Cloud Cover candlestick pattern at the top of a rising channel...
AUD/USD Technical Analysis – Prices continue to trade sideways having taken out resistance at the top of a falling channel set from April. The first layer...
GBP/USD Technical Analysis – Prices turned lower as expected after putting in a bearish Evening Star candlestick pattern. Sellers are now testing below support at 1.5212,...
USD/JPY Technical Analysis – Prices broke support at 98.56, the 38.2% Fibonacci retracement, exposing the 50% mark at 96.74. A further push beneath that targets the...
US Dollar Technical Analysis– Prices broke above resistance the top of a Flag chart pattern, hinting at bullish continuation ahead. Initial resistance is at 10820, the...
EUR/USD Technical Analysis – Prices took out resistance at 1.3260 marked by the 76.4% Fibonacci retracement. The bulls now aim to challenge a falling trend line...
Pivot: 0.9265. Our preference: LONG positions above 0.9265 with 0.934 0.937 as next targets. Alternative scenario: The downside breakout of 0.9265 will open the way to...
Pivot: 98.40. Our preference: SHORT positions below 98.4 with 97.6 97.2 as next targets. Alternative scenario: The upside penetration of 98.4 will call for a rebound...
THE TAKEAWAY: The US Dollar took out chart resistance to hint at gains ahead even as markets brace for heavy-duty event risk by way of the...