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USD/JPY USD/JPY traded it its highes level in almost 6 years today before stalling near the 127% extension of the 1Q14 rangeOur near-term trend bias remains higher in the rate while above 104.70A close over 106.45 is need to set off the next leg higher in the advanceAn important turn window is eyed mid-monthA close below 104.70 would turn us negative on USD/JPY Like ...
Technical Analysis EURUSD crashes through objectives; LT trendline in playUSDJPY registers 6 year highAUDUSD tests Fibonacci resistance EUR/USD Monthly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 ...
As Apple prepares to unveil the iPhone 6 and its much-rumored iWatch at its September 9 event, TechCrunch reports that the Cupertino company has once again booked a high amount of shipping space out of China. The company's shipping volume is reportedly so high that it's begun displacing competitors' attempts at shipping during the fall. Apple shipments via major concerns like FedEx and UPS are said to be ‘unprecedented’ for the holiday quarter, ...
- Euro matches longest weekly consecutive losing streak since inception - Sentiment, Positioning, and cyclical studies all warn of a potential EURUSD reversal - Watch critical support ahead of highly-anticipated European Central Bank decision The Euro has now matched its longest weekly losing streak on record as the Dollar surges. Why do we think it’s at special risk of reversal in the coming week? Euro Matches Longest Consecutive Weekly Decline since ...
Talking Points: GBP/JPY Technical Strategy: FlatSupport: 171.79, 171.26, 170.61Resistance: 172.64-83, 173.33, 174.01 The British Pound is attempting to overturn the down trend initiated against the Japanese Yen in early July above the 175.00 figure. Near-term resistance is in the 172.64-83 area, marked by the 38.2% Fibonacci expansion and a falling trend line. A break above that on a daily closing basis exposes the 50% level at 173.33. Alternatively, a turn below ...
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