there is a bearish divergence with MACD on the 4 H GBPUSD . Looks like that cable will hit a confluence with the 78.1 FR/ from Sept high within the next 1-2 weekly sessions (extrapol weekly R1's)- this would be a pivot preserving the momentum after reversal until UK PM re-election 8 June as upcoming main risk event. Anyhow- the pound will keep moving many...
technically we see a bullish divergence on hourly macd after 61.6 FR since yesterday upswing since last night Eurex. Continued safe haven outflows from gold and jpy seen EU/US -session onwards, @ daily pivot levels on the upside , for Nikkei index. USD still potential to move up during upcoming overnight/Friday. However , there is resistance through cable...
Renewed post brexit concerns may keep trying to push pound up. The usd rate-hike is fully priced in the dollar, and the upwards momrntum in the Yen may take a breather soon. For the the pound yen we are at 62% FR since brexit, hourly overbought as well as today bounced @ D-R2 more confluence can be found @ 162 % FE since ref swing since Friday Euro aftermarket....
Bids in gold, and cont'ed selling in oil this early asia session form some risk-off sentiment, but JPN225 is @ 62R support. Considering that the pound yen is yet within channel since US election & confluences @ 62R, 38R, 127Ex are observed on the downside, this ST-trend is likely a squeeze, and should reverse for some downside in yen. Long from here. Hedging @62R...
hourly Short on divergence MACD ; Daily R1 Confluence with 127% ext; Near-term Resistance 78.3Fibo from Brexit postpone comment; Bullish for upcoming UK session if Employment data come good; re-testing Daily Pivot / 61.8 otherwise ;
Daily pivot S2 may be targeted with currently cont'ed dollar strength. confluence with 62Fib . Consumer data this week may trigger a ST-long bounce of >20 pips . On the 4 h chart we see the MACD divergence , suggesting to be careful - especially more short opportunities if dollar stays stong and / or CPI weak.
US election -triggered channel move up in Pound Yen after Hourly divergence in MACD consolidates for the last 12 hours. Two-way action due risk-on sentiment driving Yen with additional fundamental Support in the pound. From setup here there are on the upside confluences of recent swing 127Fib Ext , 78Fib R (September-mid-October swing ), and Daily R1....
