GBP/USDAnalysis:In the short term, the direction of the trend of the British pound since the end of July is set by an upward wave. The price reached and pushed up the area of a potential reversal of a large scale. The hidden correction that began a week ago is not complete.Forecast:The break of the...
In Asia, Japan will release the National Core CPI y/y. The US will also publish some economic data such as CB Leading Index m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Resistance. 3: 109.21. Resistance. 2:...
USD/JPY
On Thursday, the price worked out the resistance of the red price channel exactly and now, with the support of technical indicators, it is heading down. On the daily chart, the emerging divergence across Marlin has formed; the underlying trend lines are now the targets. The nearest of...
In Asia, Japan will not release any economic reports today, but the US will publish some economic data such as Crude Oil Inventories, Natural Gas Storage, Capacity Utilization Rate, Industrial Production m/m, Unemployment Claims, Housing Starts, Building Permits, and Philly Fed Manufacturing Index....
GBP/USD
Analysis:
In recent months, the direction of the trend of the British pound sets an upward wave. The final stretch started a week ago. To date, the pair's quotes are in the zone of a potential reversal. The wave structure looks complete. The counter section from October 11 has a high wave...
In Asia, Japan will not release any economic reports today, but the US will publish some economic data such as Beige Book, NAHB Housing Market Index, Retail Sales m/m, and Core Retail Sales m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day....
USD/JPY
The yen has practically fulfilled the target level of the embedded line of the red price channel and the risk of a deep correction has appeared. On the daily chart, this risk is expressed by a sign of the formation of divergence on the Marlin oscillator. Divergence can also occur at a...
Today Japan will release such economic data as the Tertiary Industry Activity m/m and Revised Industrial Production m/m while the US will publish some such economic data as Federal Budget Balance and Empire State Manufacturing Index. So, there is a probability that the USD/JPY pair will move with...
GBP/USD
Analysis:
The upward wave of the British pound on July 30 is close to its end. The spurt of the end of last week by 5 price figures led the pair's quotes to the lower border of a powerful reversal zone of a large TF. The wave structure looks complete. The current decline on the small scale...
Today Japan and the US will not release any economic data. So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day.TODAY'S TECHNICAL LEVEL:Resistance. 3:108.83.Resistance. 2:108.62. Resistance. 1:108.41. Support. 1:108.14. Support. 2:107.93. Support....
