EUR USD Failing to claim 1.1! very important for EUR USD to claim 1.1 to be able to run bullish. failing to do so will result in a fall. political and economic market data does not support such movement yet. New cpi readings on DXY was a game changer. Long run first TP 1.075
As demonstrated in the chart , the BREXIT event made a technical low and this low was made base support for many moves later on sitting at 1.28. late 2023 GBP USD tried attacking the level but failed to capture it and starting 2024 there is resistance sitting at that level not allowing price to hike. the pressure has made GBP USD turning down technically. now the...
Pattern wise GBP USD is turning towards its 1.22 support level . 1.25 proved to be a stiff support but touching it twice and not being able to hike back to top is showing big resistance in the middle of the channel. breaking 1.25 will result in a big drop. for now GBP USD seeking support at 1.25 level. closing strong above the descending trend could strengthen the pair.
Last week we expected EUR USD to continue falling from 1.0735 level but as stiff as it is .. EUR USD keep visiting top inner channel resistance levels before falling and it managed to crawl back to near 1.08 area. the real resistance force should be sitting at 1.08-1.0835 area . in the following week if EUR USD manages to make a come back to that area a short...
Surprisingly USD JPY managed to reclaim its very important 145 Level!!!!!. previously market expecting FEDS to cut rates in 2024 but new cpi readings takes every thing away ! USD JPY turning bullish earlier than expected. First TP 147.5 Long run first TP 150
EUR JPY managed to break 160 and this is considered bullish. falling down on 161 level for now. support line as it is it could push EUR JPY back to 162 TP 162
Last post we had on USD JPY was signaling a big hike towards 152 in 4 hour time format but price corrected it self again to 150 level. price action showing strong movement towards 152 level but since the great force behind the hike could not manage to bring 152 back to live it can revisit 149 level to regain bull energy as they say in market. bearish activity...
just now Today JXY index dropped hard so GBP JPY can close the gap with 190. we could see a break of this level towards 191 in ASIAN session . if it retraces from 190 level the lows would be 189.5-189.75 to long. other wise a break of 190 is a straight go. TP 191
With the help of todays CPI GREEN Data , US DOLLAR INDEX managed to close the gap with 105 level. expecting to break 105 towards 106 with the inflation standing high bringing chances of a march FED RATE CUT lower .
GBP JPY will continue hiking backed by BOJ AND BOE TP:188.5 SL: 185.99
Backed up by market sentiment and FED DXY on the rise. Big reason behind this is war and the inflation ahead which prevents FED from decreasing Interest Rate
GBP USD hit 1.26 on DXY GREEN CPI DATA. it signaled the break of it and it should continue towards 1.25. Tomorrow GBP CPI could come green and strengthen GBP INDEX. in the case sell the tops that should be at 1.263.1.265 TP 1.25
EUR USD Hit 1.06 on DXY GREEN CPI . it did with great force. Looks like we are breaking towards 1.06. tops of EUR USD for short retraces from 1.07 support should be at 1.0725-.10735 if it does. DXY INDEX heading for 105 level but the real resistance sitting at 106. TP 1.06
Breaking 150 with DXY green cpi . pattern showing a move towards 155 but 153 might be little stiff. First TP 152.5 Second TP 155
Hitting previous lows on EUR USD 4 hour while DXY supported on 104 TP 1.065 SL 1.079-1.081
coming back from from 1.253 lows and now hitting previous weeks bottoms at 1.265 with 4 hour RSI hovering around 50 TP 1.25 SL 1.2676
USD JPY keeps Hiking backed up by BOJ Negative Interest rate. currently busy breaking resistance at 149! TP 151.92 SL 148.3
Hitting previous support line on 145.down side pressure might apply. Entry: 145- 144-69 SL: 145.10 TP 1: 142.5 TP 2 :140