DXY face challenge to break through 103.000 resistance level, GOLD price foresee to take a breath next week from being short by market seller. S- 1893.34 R1-1910.93 R2-1937.61
JXY reaching 69.00 support level at 69.00, Yen buyer may start collect yen for short term pull back before JXY testing the next low. JXY seems able to take a breath ahead next week.
Dollar picked up by market buyer after CPI report announced last week. Pinbar occurred when DXY index drop to H4 MA200 support curve at 101.37, indicating DXY bull run still on-going. However, DXY face the next challenge resistance at 103.00 price point(Daily chart). Foresee pull back ahead after reaching 103.000, and USD may confront selling pressure next week.
GBPJPY has a 500 pips daily movement in just a day! Once failing to support at 179.909, its price dropped to lowest at 176.327. However, market buyer collected and support its price to 181.361. Indicating bull run for GBP against JPY has begin
Japanese Yen gains 200 Pips against Dollar USD after July 2023 FOMC meeting, however market see turning point at support 137.923. Indicating USD bull run is begin against JPY.
Would Japanese Yen Index continue making new lows in order for other currencies to break new highs?
R2- 1984.62 R1- 1963.72 S- 1937.61
After breaking strong resistance at 139.422, market trying to accept UJ new support price at 139.422. Next resistance level would be 140.906. Would UJ uptrend lasts before FOMC meeting next week at JULY 26?
(H4 chart) Major support- 179.909 Resistance 1- 182.120 Resistance 2- 184.000 www.tradingview.com
Major resistance- 161.644 Major support- 158.447
-Reached Daily chart MA200 support line -Reached 2nd support level at 137.923 -2 more weeks to FOMC meeting USD time to revenge against JPY?
CHFJPY breaking new highs that 158.447 last seen at 1979! 158.447 is now become major support and foresee more new highs~ Major support-158.447
(Monthly Chart)BXY retest MA 200 resistance near to 128.79. Failing apart would retracing to point: 124.47 (major support 1) 121.47(major support 2) Patience is key for GBPJPY breaking another new highs!
Based on monthly chart, double bottom forming and currently testing double bottom neckline that near to level 106. Once breaking resistance level 106, we predict major USD pairs would continue breaking new highs.