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Pivot: 0.8400 Our Preference: LONG above 0.84 with targets @ 0.86 0.87. Alternative Scenario: Below 0.84 aim @ 0.8340. Comment: the pair is facing a pull...
Pivot: 137.50 Our Preference: LONG position above 137.5 with 144.75 148 in sight. Alternative scenario: Below 137.5 look for further weakness to 133.25. Comment: the pair...
GBP/JPY Technical Analysis– Prices broke support at 141.84, the 50% Fibonacci retracement, exposing the 61.8% level at 140.89. A further push beneath that aims for the...
EUR/JPY Technical Analysis– Prices declined as expected after putting in a bearish Harami candlestick pattern. Sellers are now testing below support at 119.12, the 76.4% Fibonacci...
USD/CHF Technical Analysis– Prices pulled back after putting in a Dark Cloud Cover candlestick pattern below resistance at a formerly broken rising trend line. Near-term support...
USD/CAD Technical Analysis– Prices are testing support at 1.0140, a barrier marked by the 38.2% Fibonacci retracement and reinforced by a falling channel bottom (1.0129). A...
AUD/USD Technical Analysis– Prices have launched a recovery from support at 1.0412, the 61.8% Fibonacci retracement. Near-term resistance is at 1.0483, the 76.4% level, with a...
GBP/USD Technical Analysis – Prices recoiled from resistance at 1.5260, marked by the March 25 high and a falling trend line cluster set from early January,...
NZD/USD Technical Analysis– Prices broke above the 61.8% Fibonacci retracement at 0.8391 to challenge the 76.4% level at 0.8445. A further push above that targets the...
ASIA/EUROPE FOREX NEWS WRAP Some ‘positive’ news out of Europe this morning has helped lift the European currencies out of their slump versus the rest of...