USD/JPY Technical Strategy: Sidelines PreferredBearish Engulfing Pattern Finds ConfirmationClose Below 108.00 Floor May Open 107.00 USD/JPY is at a critical juncture as the confirmation of a Bearish Engulfing formation warns of a deeper setback for the pair. A close under the 108.00 floor would be required to open the next leg lower to the 107.00 barrier. Bearish Engulfing Pattern Receives Confirmation ...
Talking Points: US Dollar Produces First Back-to-Back Losses in Over a MonthS&P 500 Taps 2-Month Low as Sellers Fight to Break SupportGold, Crude Oil Await Direction Cues at Familiar Chart Levels US DOLLAR TECHNICAL ANALYSIS – Prices pulled back as expected after putting in a Shooting Star candlestick. A daily close below the 14.6% Fibonacci retracement at 11005 exposes the 23.6% level at 10956. Alternatively, a reversal above the 11048-60 area marked rising trend ...
Go to Profile
Mark as Read