TECHNICALS
This pair has been a bullish monster for a while now and the question many are asking is "will the pair fall at last, has it maxed out, are banks looking to sell?" well here is what I think.
after the bulls rally to the new daily high of 158.160 price started moving down and many thought this was the bearish move needed. however this bearish run may simply be seen as a bull back as market has come down to the previous high of 156.070 now resistance because we can see market has failed to break below.
market has been also playing within the bullish flag pattern (bullish sigh). however if market breaks below pervious high wait for retest then sell.
FUNDAMENTALS TO LOOK OUT FOR
MONDAY, NOVEMBER 1
23:50
JPY BoJ Monetary Policy Meeting Minutes
MORE NEWS AVAILABE ON FX STREET
This pair has been a bullish monster for a while now and the question many are asking is "will the pair fall at last, has it maxed out, are banks looking to sell?" well here is what I think.
after the bulls rally to the new daily high of 158.160 price started moving down and many thought this was the bearish move needed. however this bearish run may simply be seen as a bull back as market has come down to the previous high of 156.070 now resistance because we can see market has failed to break below.
market has been also playing within the bullish flag pattern (bullish sigh). however if market breaks below pervious high wait for retest then sell.
FUNDAMENTALS TO LOOK OUT FOR
MONDAY, NOVEMBER 1
23:50
JPY BoJ Monetary Policy Meeting Minutes
MORE NEWS AVAILABE ON FX STREET
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.