USD/JPY has broken minor trend line support around 120.50 (trend line joining 119.96 and 120.35) and a short decline till 119.95 is possible. On the higher side intraday resistance is around 120.75 and break above will take the pair till 121.30. Short term trend reversal only above 121.30. The pair’s minor support is around 120.20 and break below targets...
USD/CHF faces strong support around 0.9680 and any break below 0.9680 confirms short term weakness, a decline till 0.9570 cannot be ruled out . On the higher side minor resistance is around 0.9750 and break above would extend gains till 0.9800/0.9825. Bearish invalidation only above 0.9800. It is good to sell only below 0.96800 with SL around 0.9745 for the TP...
GBP/JPY made a temporary top around 187.33 and has started to retreat from that level. It is currently trading at 186.15. On the downside major support is around 185.60 (23.6% retracement of 180.35 and 187.33) and any break below will drag the pair further down till 184.75/184 in short term. Overall bullish invalidation only below 184. The pair’s major...
EUR/USD has broken short term trend line resistance 1.1340 (trend line joining 1.14656 and 1.14360) and this confirms short term bullishness , a jump till 1.1435/1.1500 cannot be ruled out . On the downside minor support is around 1.1287 and break below will drag the pair further down till 1.1250/1.1200 level. Short term weakness only below 1.1250...
Harmonic pattern formed- Bearish BAT pattern Potential Reversal Zone ( PRZ) -1.1340 EUR/USD has made a high of 1.13094 today morning and slightly retreated from that level. It is currently trading around 1.1280. On the higher side any break above 1.1340 will take the pair to next target 1.1370/1.14365. The pair’s minor support is around 1.1265 and break below...
GBP/JPY made a high of 187.33 yesterday and has started to retreat from that level. It is currently trading at 186.74. On the downside major support is around 185.60 (23.6% retracement of 180.35 and 187.33) and any break below will drag the pair further down till 184.75/184 in short term. The minor support is around 186.40 Overall bullish invalidation only...
USD/JPY has made a high of 121.32 yesterday and declined till 120.46 . It is currently trading at 120.82 .Overall trend is still bullish as long as support 119.95 holds. Any break below 119.95 will drag the pair further down till 119.50/118.80 in short term. The pair's minor support is around 120.20. On the higher side major resistance is around 121.30 and any...
USD/JPY has broken major resistance 121.20 and this confirms short term bullishness, a jump till 122.30 cannot be ruled out. Intraday weakness only below 120.70. The minor resistance is around 121.70. it is good to buy around 121.20 with SL around 120.70 for the TP of 122.30
EUR/USD is trading in narrow range around 1.1245 and 1.11526 for the past two trading session . Overall trend is still weak as long as resistance 1.1250 holds. Any break above 1.1250 will take the pair to next target 1.1280/1.1330 . On the downside major support is around 1.11500 and decline till 1.1085/1.1035 is possible if it breaks below that level. The minor...
GBP/JPY has broken short term resistance around 185.45 and jumped till 186.43. It is currently trading at 185.17 Intraday weakness only below 184 and any break below will drag the pair further down till 183.49/183 in short term On the higher side major resistance is around 186.50 and any break above would extend gains till 187.10/188. It is good to buy at dips...
USDJPY target 1 achieved @ 121.20. Book full profits
USD/JPY retreated after making a high of 121.19. It is currently trading at 120.32. Intraday trend is still bullish as long as support 119.60 holds. On the downside any break below 119.60 will drag the pair till 119.20/118.75, Overall bullish invalidation only below 118. The pair's resistance is around 120.50 and any indicative break above would extend gains...
USD/JPY target 1 achieved at 121 .Book full profits
USD/JPY breaks major resistance 120.70 and this confirms short term bullishness , a jump till 121.70 cannot be ruled out. On the downside major support is around 120.20 and any short term weakness only below that level. Break below targets 119.80/119.50. It is good to buy around 120.70 with SL around 120.20 for the TP of 121.70
AUD/JPY recovers after making a low of 82.11 and has made a high of 85.125. it is currently trading at 85.02. Intraday weakness can be seen only below 84.50 and any break below targets 84/83.25 in short term. On the higher side major resistance around 85.13 and break above would extend gains till 87.25. It is good to buy only above 85.13 with SL around 84.50...
USD/CAD has declined till 1.3177 and started to recover from that level. Loonie is facing strong support around 1.3175 (trend line joining 1.3115 and 1.3135) and further weakness can be seen only below that level. Any break below 1.3175 will drag the pair further down till 1.3135/1.3100 level. On the higher side pair’s resistance is around 1.3250 and break...
GBP/JPY is facing strong resistance around 185.45 and break above confirms short term bullishness and a jump till 187.10/189 cannot be ruled out . It is currently trading at 185.28. Intraday weakness only below 184 and any break below will drag the pair further down till 183.49/183 in short term. It is good to buy only above 185.45 with SL around 184.40 for the...
USD/JPY breaks a short term trend line resistance (trend line joining 120.67 and 120.22) and this confirms short term bullishness , a jump till 121 cannot be ruled out. Intra day trend is bullish as long as support 119.60 holds. Any break below 119.60 will drag the pair further down till 119.20/118.75. The pair's intra day resistance is around 120.30 and any...