GBPJPY reversed nicely off its resistance at 148.78 (100% & 61.8% Fibonacci extension, 76.4%, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a further drop to its support at 146.72 (38.2% Fibonacci retracement, horizontal pullback support) could occur.
Stochastic (89, 5, 3) reversed nicely off its resistance at 98% where a corresponding...
NZDUSD bounced nicely off its support at 0.6750 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 0.6855 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 2.9% where a corresponding rise...
CADJPY is approaching resistance at 85.90 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback resistance) where it could reverse down to its support at 83.78 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approachign its resistance at 99% where a corresponding reversal.
GBPJPY is approaching its resistance at 148.17 (61.8% & 100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 145.63 (61.8% Fibonacci extension, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
GBPUSD is testing its support at 1.3191 (61.8% Fibonacci extension x2, 61.8% & 50% Fibonacci retracement, horizontal overlap support) where price could bounce to its resistance at 1.3301 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.3% where a corresponding bounce could occur.
USDJPY is testing its resistance at 112.14 (100% Fibonacci extension x3, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where price could reverse back down to its support at 110.43 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at...
EURJPY is approaching its resistance at 131.32 (76.4% & 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 129.23 (61.8% Fibonacci extension, horizontal pullback support).
Stochastic ( 89, 5, 3) is approaching resistance at 98% where a corresponding reaction could occur.
The Japanese yen withered against its US counterpart on Wednesday, despite risk-averse conditions. Higher-than-expected PPI figures and Fed comments seemingly boosted the greenback, bringing the USD/JPY to highs of 112.17, levels not seen since early January.
Thanks to yesterday’s bout of buying, weekly price climbed above weekly trend line resistance taken from...
CADJPY reversed nicely off its resistance at 84.88 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where could either move back up to its resistance before moving back down to its support or continue its move down to its support at 83.20 (61.8% Fibonacci retracement, horizontal pullback support). We do have to be cautious...
USDCAD bounced nicely off its support at 1.3061 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where price could rise further to its resistance at 1.3224 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) has bounced off its support at 3% where a corresponding rise could occur.
NZDUSD reversed off its resistance at 0.6856 (50%, 76.4%, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 0.6748 (100% fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
USDCHF has reversed nicely off its resistance at 0.9962 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where price could potentially fall to its support at 0.9870 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) reversed near its resistance at 97% where it has...
EURCHF is approaching its resistance at 1.1658 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 1.1590 (23.6% & 38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
XAUUSD is approaching its resistance at 1265 (100%, 61.8% Fibonacci extension, 76.4%, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could reverse back down to its support at 1247 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) reversed off its resistance at 97% where it could...
NZDJPY is approaching resistance at 76.10(61.8% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizonal swing high resistance) where it could potentially reverse and fall to its supprot at 74.91 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a...
EURAUD is testing its support at 1.5713 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce off from here and to its resistance at 1.5858 (100% Fibonacci extension, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.9% where a corresponding bounce...
Amid a stronger US equity market and robust US Treasury yields, the USD/JPY enjoyed a relatively successful start to the week on Monday. Nudging its way through July’s opening level seen on the H4 timeframe at 110.65, traders have the 111 handle in view for a third time this month. Also on the radar this morning is the nearby H4 Quasimodo resistance levels at...
AUDUSD is approaching resistance at 0.7479 (100% & 61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback resistance, where it could react off, causing price to fall to its support at 0.7374 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding...
