
Metals Break Higher On “Biden Bounce”
Gold The yellow metal surged higher over the last 24 hours in response to the [...]
As you can clearly see at 4 hour chart below USDJPY is trading in range and to be more specific is trading
into a channel with upper band the 114.80 and lower band the 110.73. Price has just penetrated
upwards the 200 MA, which alert us for a possible Bullish momentum.
Due to that Bullish momentum we might see price testing again the upper band of the trading channel.
A possible break above the channel will most probably lead the price even higher close to 116.30 which
is the next crucial resistance level.
We do not have any sign from Bears or any kind of reaction that would make us thing Bearish but again
a possible break below the lower band of the channel would most probably found support at 110.00
which is the next support and psychological level.
Monday, 28 Mar, 2016 / 8:45
Metals Break Higher On “Biden Bounce”
Gold The yellow metal surged higher over the last 24 hours in response to the [...]
Wall Street at fresh record as Biden sworn in; euro up ahead of ECB
Hopes of more stimulus and relief over Biden’s peaceful [...]
OIL struggling to break past 54 – US OIL Market Outlook – 21/01/2021
WTI Crude hit our short support target at $53 after API inventory showed a [...]