H4 price is on bullish market condition located above Ichimoku cloud for the ranging within the following key reversal support/resistance levels 119.06 resistance located far above Ichimoku cloud in the primary bullish area of the chart, and118.06 support located near and above Ichimoku cloud on the border between the primary bearish and the primary bullish area. Absolute Strength indicator is estimating the bullish trend to be continuing. ...
"When the Yen strengthens as it has at the beginning of 2016, there is often stress in the global economy. So far, the JPY has strengthened by ~2.5% to start the year vs. the US Dollar while most currencies, most notably the commodity currencies have weakened aggressively. USD-JPY is in a precarious position much like the global economy is in a precarious position. Many expect a rally in risk, even if it is just a short-lived rally because we have been trained like Pavlov’s dog to expect a bounce ...
Industrial production in Japan was down a seasonally adjusted 1.0 percent on month in November, the Ministry of Economy, Trade and Industry said in Monday's preliminary reading - falling for the first time in three months. more...
EUR/USD: "2016 year-end forecasts have changed slightly, while end-2017 forecasts are largely unchanged. EUR/USD is now forecast at 0.95 at the end of 2016, up from our original 0.90 forecast." USD/JPY: "The yen will outperform almost all other currencies barring the USD in 2016, with a USD/JPY peak just shy of Y130." GBP/USD ...
W1 price is located to be above yearly Central Pivot at 114.36 and below R1 Pivot at 127.96: The price is on bullish ranging between pivot level at 114.36 and R1 level at 127.96;The price is breaking descending triangle pattern with 120.24 support to below for the local downtrend as the secondary correction to be started;If weekly price will break R1 Pivot at 127.96 so the primary bullish market condition will be continuing up to R2 Pivot value as the new top in this situation, ...
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