misbauos

misbauos Apr 25, 2023

It is a quiet start to the day for the USD/JPY. There are no economic indicators from Japan or the region to influence. The lack of stats will leave the USD/JPY in the hands of market risk sentiment. On Monday, US economic indicators disappointed, with manufacturing sector data revealing more cracks in the US economy. Risk-off sentiment weighed on US Treasury...

misbauos Apr 23, 2023

I’m still keeping an eye on the March 24th trend line and the 1.1030 area. While I’m cautiously bearish below 1.1030, I need to see more to short the EURUSD. That said, I think the bigger opportunity here lies with the September channel support.

misbauos Apr 23, 2023

GBPUSD is less than appealing after being a great market to trade for months. The sideways chop at the 1.2450 range highs is something I avoid at all costs. The trend line I mentioned in last week’s forecast is holding as resistance, but so far, there’s been no follow through from sellers. Acceptance below 1.2350 this week opens up 1.2290 and potentially...

misbauos Feb 2, 2023

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