Trading news

USD/JPY Lower Highs and Lower Lows zig-zag

USD/JPY Lower Highs and Lower Lows zig-zag 



ECB is unclear on its QE with regards to tapering or the end of the programme. Equities tanked due to due to the uncertainty around further ECB steps.Initially we saw de-risking but stay tuned for greater clarity in the December ECB meeting. In the aftermath of ECB, Philly's Fed went better than expected while the US initial jobless claims came in at 260K vs. 250k estimate.


Technically USDJPY might drop further from 2 POC zones. Watch the reaction around POC1 (H4, trend line, 61.8, EMA89) within 103.80-90. If the pair proceeds above 114.05 we might see POC2 getting hit within 104.08-20 zone (H5, 88.6, trend line). Both rejections should target 103.40 and 103.20 subsequently. Only h1 momentum or 4h close below 103.15 should open the door for 102.65 test.
Follow @TarantulaFX on twitter for latest market updates

Thursday, 20 Oct, 2016 / 1:20

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.admiralmarkets.com/analytics/technical-analysis/

Trading news

 

GBPUSD On Track To Settle Above 1.3700

The British pound sterling continues to keep a bullish hold. After failing to [...]

Posted on Friday, 22 Jan, 2021 / 12:08 under

Crude Holds Near Highs

The crude market saw a much quieter period of trading this week. Price [...]

Posted on Friday, 22 Jan, 2021 / 12:07 under

Biden To Push Through Stimulus Aid

Greenback Fades as Bears Take Control The US index dropped towards the 90 [...]

Posted on Friday, 22 Jan, 2021 / 12:06 under