USDJPY – near-term bears pressure key 113.00 support zone
The pair remains in red on Wednesday and extends descend from 113.63 (21 Dec lower top) left after repeated failure to clearly break above daily cloud.
The price continues to move lower since then, tracking descending daily cloud top which…
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GBPUSD – break above 1.3400 zone needed for bullish signal
Near-term price action remains directionless and holding in narrow range between 30 and 20 SMA’s (1.3357 / 1.3403 respectively).
Choppy trading between 1.3300 and 1.3465 extends into third week, with basing attempt at 1.3300 zone (weekly…
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EURUSD trades in extended consolidation at 1.1860 zone
The Euro trades in extended consolidation within 1.1860 zone on Wednesday, with near-term focus turned towards initial target at 1.1900.
The pair probes again above cracked pivot at 1.1867 (Fibo 61.8% of 1.1961/1.1717 pullback) as previous…
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GBPUSD rallies after GDP data but key barriers still intact
Cable rallied after solid UK GDP data and retested pivotal barrier at 1.3395 (Fibo 38.2% of 1.3549/1.3301 / 20SMA).
Final GDP was confirmed at 0.4% (q/q), unchanged from Q2 and along with expectations.
Annualized GDP came at 1.7% against…
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Loonie rallies after upbeat Canadian data
USDCAD fell to one-week low at 1.2719 after US / Canada data. US GDP fell below expectation in Q3 (3.2% vs 3.3% f/c / prev) while US jobless claims rose unexpectedly to 245K, beating forecast for 231K and previous week's 225K. Weaker than…
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SPOT GOLD – bulls show hesitation at strong $1267/69 barriers
Spot Gold remains firm on Thursday, supported by weaker dollar and consolidating under fresh three-week high at $1268. Today's test of pivotal $1267/69 resistance zone (50% of $1299/$1236 descend / daily Kijun-sen / 200SMA) failed to break…
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AUDUSD – double Doji signals recovery stall; falling daily cloud continues to weigh
The Aussie dollar remains directionless and trading within narrowing range capped under 200SMA.
Doji candles on Tue / Wed signal strong indecision, after recovery rally from 0.7500 stalled under key barriers.
Increasing signs of reversal…
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USDJPY extends above daily cloud after unchanged BoJ
The pair remains bid and extends rally after BoJ left policy unchanged and signaled no plans for raising rates soon.
BoJ said strong economy is not enough as inflation remains well below target.
Fresh advance on Thursday broke above daily…
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GBPUSD – negative near-term bias after rejection above 1.3400
Cable stands at the back foot on Thursday following previous day's strong upside rejection above 1.3400 handle.
Today's action was capped by falling 10SMA and fresh easing pressures strong supports at 1.3334 (daily cloud top / rising…
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EURUSD may correct deeper after strong rejection at 1.1900
The Euro maintains firm tone on Thursday and consolidating under fresh high at 1.1900.
Wednesday's close marginally above 1.1867 (Fibo 61.8% of 1.1961/1.1717) was bullish signal, despite strong upside rejection which left bullish daily…
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