There is unusual market movement going on, the yen (safe haven) start to gain purchasing power, although S&P 500 index keep creating new high, VIX is also increasing with volume supporting (which normally it will going down)....which symbolize high volatility ahead. Technically, this is not a norm as breaking 2190 ...
Profit taking happen on Dollars and cause a downward momentum going to happen on USDJPY.
As previously a lot of resistance breakout happen, now is time to retest on all those resistance, key level to watch is 113 then 112 then 111. If 111 manage to break then will retest 100 before going back to 108.5
UJ bullish momentum continue with dollar in strength, Overall stock market bullish and lead to traders and investor shift out their position in safe haven and lead to jpy further weakening.
The price has come to 110.X level where multiple resistance is awaiting it to challenge. From 4 hours time frame we are able ...
The price range 42 to 44 show that the demand has overcome the supply and is consolidating with upward tendency. The support is well tested too with the dollar strength has hit new high.
Once 46 price level break, chances to retest its 50 price level resistance is very high.
I am on the bear side . It has a nice Pin of bearishness 2 weeks in a row.
It is nice to Short and Add short only. 0.7690 is easily on sight. The recent MoM and YoY retail sales for GBP is better than expected and fundamentally strong.
In fundamental wise, people are talking about EU referendum , that will be ...
I am on bear side . It has a nice Pin of bearishness (Price Rejection) 2 weeks in a row.
It is nice to Short and Add short only. 0.769 is easily on sight.
In fundamental wise, people are talking about EU referendum , that will be coming up in June.