reports
- Steve Lucas
SPOT USDJPY - signals pointg to temporary profit taking recovery
​Tuesday’s call to sell USDJPY just lightly on the open, (but as intraday sentiment was oversold), and also on the rally was confirmed as initial gains attracted sellers and for sentiment to post a 4th lower daily high & low in a row, though for just a modest down-day. Sellers have been cautious with prices testing the psychological 110.00 the Fig and it has been from near this level that buyers have returned to the market in Asia this morning. Although modest, gains have ended the sequence ...
- Steve Lucas
SPOT USDJPY - lower weekly highs & lows below daily movbing averages k...
​USDJPY sellers have returned to the market in July, as they did in May from close to 114.64, a 62% recovery to this year’s losses. The end to a sequence of higher weekly lows has subsequently turned signals in each of the last 2 weeks to bearish and these have been confirmed with last week’s sentiment posting a 2nd lower weekly high & low in a row. Prices are trading below their key daily average rates as well as the 200-week line, but like last week, where the outlook also recommended se...
- Steve Lucas
USDJPY - temporary profit taking pullback to continue
​Having been bullish for some time, the end to a sequence of higher daily lows switched Wednesday's signals for USDJPY to bearish and these were confirmed with a strong 1 Big Fig sell-off. The pullback is probably corrective and temporary and it has already stalled near the 13 day average rate as well as to 112.79, a 62% Fibonacci. Despite this, signals continue to point lower, so with this in mind the outlook for Thursday is to sell on the open and then at 113.43, today's high in Asia with a ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.