Close above important Fibo barrier at 117.62 to signal further recovery
EURJPY
The cross holds firm bullish tone on Friday and probes again through important Fibo barrier at 117.62 (38.2% of 121.14/115.44 fall) after Thursday’s 1.2% rally (the biggest one-day advance since 13 Mar), inspired by month-end…
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Recovery is boosted by the start of production cut but needs clear break of $20 for fresh bullish…
WTI OIL
WTI oil price regained $ 20 handle in early US trading on Friday, following over $2 pullback after hitting recovery high at $20.31 in Asia (the highest since 21 Apr).
The sentiment was boosted by today’s start of record…
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Bears regain control after short recovery was capped by daily cloud top
The pair returns to red on Friday after short-lived recovery on Thursday was capped by daily cloud top / weekly cloud base (107.56/60 respectively) and closed below cracked daily Tenkan-sen (107.20).
Fresh weakness attacks again cloud…
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Cable pulls back after bulls failed at 200DMA
GBPUSD
Cable holds in red and some hundred pips below Thursday’s two-week high (1.2642), hit after 1% daily rally, sparked by month-end dollar’s sales.
The rally was capped by key barriers at 1.2647 (14 Apr former high / 200DMA) and…
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Euro holds positive tone after Thursday’s 0.5% advance and looks for test of next key barriers
EURUSD
The Euro maintains positive tone and consolidating under new two-week high at 1.0972 in early Friday’s trading.
The pair rallied strongly in the US session on Thursday, boosted by dollar’s month-end sell-off, advancing nearly…
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WTI holds in green for the third day but recovery is still fragile
WTI oil extends recovery to one-week high on Thursday, holding in green for the third straight day and testing pivotal Fibo barrier at $17.88 (38.2% of $36.27/$6.52) reinforced by daily Kijun-sen.
Fresh optimism was sparked by lower than…
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Sterling rises to seven-week high vs Euro
The cross dipped to new seven-week low at 0.8675 on Thursday as sterling remains resilient and the Euro weighed down by weak EU/German data and ECB staying on hold and ready to act if needed.
Fresh weakness is attempting to eventually…
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