USDJPY – risk of extension to daily cloud top seen on break below double Fibo support; US jobs…
The pair is consolidating around 109 handle in early Friday's trading after suffering strong losses previous day.
Thursday's long bearish daily candle (the biggest one day loss since 22 Mar) weighs, as Doji reversal pattern was completed…
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EURJPY – break below thick daily cloud is bearish signal; psychological 130 support in focus
The cross accelerated lower in US session on Thursday and broke below key supports at 130.68 (daily cloud base / Fibo 61.8% of 128.94/133.48 upleg).
Extension of downleg from 133.48 (24 Apr peak), is generating strong bearish signal that…
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USDJPY – risk of dip to 108.73 Fibo support on confirmation of reversal
The pair extended weakness on Thursday and cracked 10SMA support at 109.15, but so far without break lower.
Bearish signal is generating on formation of Doji reversal pattern on daily chart, which looks for daily close below 10SMA for…
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WTI OIL – stronger direction signal expected on break of 20 or 10SMA
WTI oil price remains within two-week range and without clear direction, after repeated probes below range floor were contained by rising 20SMA, which marks initial support, currently at $67.08.
On the other side, recovery attempts stay…
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USDTRY hit new record high on acceleration after downbeat Turkish inflation data
Turkish lira spiked to new all-time high at 4.2284 on Thursday, following Turkey's CPI upside surprise.
Inflation rose by 1.87% m/m in April, overshooting forecast for 1.6% rise, while annualized CPI rose to 10.85% the highest from…
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AUDUSD – initial signals of reversal but many obstacles en-route
Recovery attempts pick up on Thursday and forming reversal pattern on daily chart, as Wednesday's trading ended in Doji candle and base forming at 0.7475.
Slow stochastic and RSI reversed from oversold zone, while momentum turned higher…
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GBPUSD – thick hourly cloud weighs on recovery attempts
Cable fell back below 1.36 handle on downbeat UK services PMI data (Apr 52.8 vs 53.5 f/c), signaling that today's recovery attempts may be over.
Steep descend from 1.4376 (16 Apr peak) found footstep at 1.3550 (Fibo 61.8% of 1.3038/1.4376…
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USDJPY – reversal pattern is forming on daily chart
The pair holds in red in early Thursday's trading and eases to 109.55 (European session low), penetrating rising hourly cloud (spanned between 108.71 and 109.50).
Reversal pattern is forming on daily chart after bulls stalled under 200SMA,…
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EURUSD – bears are taking a breather above strong Fibo support at 1.1936
The Euro bounced from new multi-month low at 1.1938 on Thursday, but recovery attempts so far remain under key barriers at 1.2000/14 (psychological barrier / 200SMA).
Steep fall off 1.2413 (17 Apr high) found footstep just above key Fibo…
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USDJPY pressure 110 barrier again; Fed policy decision in focus
The USDJPY pair is pressuring again 110.00 barrier after greenback accelerated higher in the US session, driven by better than expected US private sector employment data.
Bulls are on track to resume rally, after today’s shallow dip to…
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