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 ...
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Pound is already recovering about we warned you yesterday when we highlighted a five wave fall in wave 3). Notice that current prices are al... -
S&P 500 is trading nicely higher for the past few weeks, clearly in impulsive fashion form 1400 swing level. However market is approachi...