USDJPY – bears remain firmly in play but stronger action could be on hold until FOMC
The pair holds in red on Monday and probes again through 106 support (Fibo 61.8% of 105.24/107.29 upleg), following last Friday's short-lived dip to 105.60, two-week low).
Negative daily techs maintain pressure as last week's strong upside…
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GBPUSD looks for signal to break out of tight range between daily MA’s and cloud top
Cable holds within tight range on Monday, capped by descending cloud top (1.3961) but near-term action is supported by converged daily MA's (10/20/30) at 1.3900 zone and forming bull-crosses.
Rising 55SMA (1.3888) continues to underpin…
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EURUSD – bears probe below 55SMA again; all eyes on Fed
The Euro stands at the back foot at the beginning of the week, with FOMC meeting being in focus.
Fresh probes below 55SMA (1.2282) and 1.2265 (Fibo 61.8% of 1.2154/1.2445 upleg) which were cracked last Friday, keep near-tern negative tone…
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EURUSD falls further after upbeat US data; focus turns towards FOMC meeting next week
The Euro probed below key supports at 1.2271/65 (55SMA / Fibo 61.8% of 1.2154/1.2445 upleg) as the dollar firmed after upbeat IP and Michigan data.
The pair is on track for daily close in the cloud and below1.2271/65 pivots, which would…
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WTI OIL attempts again into daily cloud but negative techs warn of stall
WTI oil holds steady on Friday and remains in green for the third straight day, driven higher by weaker dollar.
Fresh attempts into daily cloud come after Thursday's probe through cloud base ($61.23) and spike to $61.53 proved to be false…
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AUDUSD – bears extend below 100SMA; focus 0.7712 low
The Australian dollar remains in red on Friday and extends strong fall of the previous day, which broke and closed below thick daily cloud, as the Aussie remains under pressure on concerns of trade war.
Friday's extension lower was sparked…
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USDJPY falls on increasing risk aversion, may violate 105 support before FOMC
The pair fell sharply on Friday and hit new over one week low at 105.61, driven by risk aversion on the newest White House shake-up, as President Trump decided to replace his national security advisor.
Fresh weakness comes after…
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GBPUSD – fresh bulls attack again key 1.40 zone
Cable is in fresh bullish acceleration after dips in Asia were contained by 30SMA, which marked strong support in past couple of sessions.
Fresh attempts higher are pressuring daily cloud top (1.3979) and looking for renewed attack at…
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EURUSD – bears take a breather ahead of key support zone as dollar weakens on fresh political…
The Euro ticked higher in early Friday after strong fall in past two days found footstep at daily cloud top which provides solid support, currently at 1.2296.
Near-term structure weakened after bulls were capped by bear-trendline off…
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EURGBP extends steep descend into sixth straight day
The cross remains in steep downtrend from 0.8967 (07 Mar spike high) which extends into sixth straight day.
Today's bearish acceleration broke below strong supports at 0.8846 (converged 55/100SMA's / Fibo 61.8% of 0.8771/0.8967 rally) and…
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