USDJPY regains 110 handle but faces again strong headwinds from key 200SMA / Fibo barriers
The pair regained traction in late Asian / early European trading on Monday, after starting week with gap-lower on renewed trade war fears, following G7 meeting failure as President Trump pulled out of G7 joint communique.
The dollar…
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GBPUSD – Recovery rally shows signs of indecision after being capped by falling 30SMA
Cable holds within tight range in the mid-European trading on Friday, signaling further indecision after Thursday's action ended in long-legged Doji.
The pound was initially supported by upbeat comments from BoE deputy governor Ramsden,…
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EURUSD risks pullback after initial attempt through 30SMA pivot failed
The Euro moves lower after spiking to 1.1839 on Thursday (the highest since 16 May) but failing to close above pivotal barriers at 1.1810 (Fibo 61.8% of 1.1996/1.1509) and 1.1817 (falling 30SMA).
Corrective dip is likely to precede fresh…
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USDJPY – strong 10SMA / Fibo support holds pullback from 200SMA for now
The pair stands at the back foot in early Friday's trading and maintaining negative tone after strong fall on Thursday.
The dollar came under pressure on strong rhetoric from G7 which reduced risk sentiment as G7 leaders are set to clash…
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The CBRT rate decision is the key event for Turkish lira today
The USDTRY holds in tight range on Thursday and awaiting key event today, the CBRT rate decision, due at 11:00 GMT.
The central bank is expected to hike rates in order to fight rising inflation, with expectations holding between 50 and…
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WTI OIL – outlook remains negative but consolidation above daily cloud base could extend
WTI oil price remains in red on Thursday and holds near two-month lows ($64.21/26) but downside attempts were so far contained by the base of rising daily Ichimoku cloud ($64.74).
Cloud base acts as strong support as spikes in past two…
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AUDUSD – bulls show strong hesitation at key trendline / Fibo barrier
The Aussie dollar holds in red in early European trading after upside attempts were repeatedly capped by bear-trendline at 0.7674 (drawn off 0.7988, 11 Feb high) and additional pressure came from weaker than expected Australia’s trade data.…
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USDJPY – extended consolidation likely to precede final push through 200SMA
Bulls are facing strong headwinds from 200SMA (at 110.17, reinforced by Fibo 61.8% of 111.39/108.11 bear-leg) which was cracked on Wednesday and caps today’s action.
Overall structure remains bullish and comfortable above broken daily…
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GBPUSD – break above falling 30SMA will generate next bullish signal for extension towards 200SMA
Cable extends higher in early European trading on Thursday and pressures falling 30SMA (1.3467) after bullish signal was generated Wednesday’s close above pivotal 1.3401/10 barriers (20SMA / 50% retracement of 1.3617/1.3204 bear leg).…
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EURUSD – bulls probe through key Fibo / 30SMA barriers; strong bullish signal seen on firm break
The Euro maintains bullish tone on Thursday and tests strong Fibo barrier at 1.1810 (Fibo 61.8% of 1.1996/1.1509 bear-leg, also pressuring falling 30SMA (1.1817) which reinforces resistance.
Bulls were boosted by positive signal generated…
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