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USD/JPY Technical Analysis– Prices turned lower as expected after putting in a Harami candlestick pattern. Prices have now recovered above the 23.6% Fibonacci retracement at 97.79,...
EUR/USD Technical Analysis– Prices put in a Bearish Engulfing candlestick pattern below the 1.32 figure, hinting at further weakness ahead. Initial support is at 1.3026, the...
THE TAKEAWAY: The US Dollar has moved to challenge the upper boundary of its recent range while the SP 500 has retreated to a trend-defining support...
Pivot: 24.00 Our preference: SHORT positions below 24 with 22 21.1 as next targets. Alternative scenario: The upside penetration of 24 will call for 24.85 25.6....
Pivot: 1.2175 Our preference: Short positions below 1.2175 with targets @ 1.213 1.21 in extension. Alternative scenario: Above 1.2175 look for further upside with 1.219 1.221...
Pivot: 0.8455 Our preference: Short positions below 0.8455 with targets @ 0.84 0.837 in extension. Alternative scenario: Above 0.8455 look for further upside with 0.851 0.856...
Pivot: 23.00 Our preference: LONG positions above 23 with targets @ 24.22 24.85. Alternative scenario: The downside breakout of 23 will open the way to 22...
Pivot: 98.4 Our preference: Short positions below 98.4 with targets @ 97.1 96.5 in extension. Alternative scenario: Above 98.4 look for further upside with 98.7 99.1...
Pivot: 0.859 Our preference: Short positions below 0.859 with targets @ 0.852 0.85 in extension. Alternative scenario: Above 0.859 look for further upside with 0.8635 0.866...
Pivot: 150.2 Our preference: Short positions below 150.2 with targets @ 147.6 146.45 in extension. Alternative scenario: Above 150.2 look for further upside with 151.2 151.7...