USDJPY broke sharply higher which was expected
from a technical point of view. Price accelerated strongly after break out of
the corrective channel (circled zone). We can see that price made very strong
move to the upside in a very short period of time; thats clearly a personalty
of an impulse so we think its wave (iii), part of a new five wave rally.
Resistance for this wave (iii) comes in around 95.60-96.15 zone from where we
could see a fourth wave retracement back to 94.60 area. From a larger
perspective it seems that USDJPY is headed back to the highs.
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
-
Our pivot point is at 3.47. Our preference: as long as 3.47 is support look for 4.22. Alternative scenario: the downside breakout of 3....
-
Pivot: 0.825 Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension. Alternative scenario: Above 0.825 lo...
-
Pivot: 21.45 Our preference: SHORT positions below 21.45 with targets @ 20.6 & 20.35. Alternative scenario: The upside penetration of 21...
