First, a review of last week’s events: - EUR/USD. The range 1.1025-1.106 can be called the Pivot Point zone of the last month and a half. It was there that the pair returned to by the end of the week trading session, which indicates the uncertainty prevailing in the market...
NZDUSD extends gain on strong rally as it retains its corrective recovery. Resistance comes in at the 0.6450 level where a break will turn attention to the 0.6500 level. A break of here will have to happen to create scope for a move higher towards the 0.6550 level...
Pivot (invalidation): 56.70 Our preference Short positions below 56.70 with targets at 55.85 & 55.25 in extension. Alternative scenario...
Pivot (invalidation): 18.8400 Our preference Short positions below 18.8400 with targets at 18.4500 & 18.1500 in extension. Alternative scenario...
Pivot (invalidation): 1528.00 Our preference Short positions below 1528.00 with targets at 1506.00 & 1498.00 in extension. Alternative scenario...
Pivot (invalidation): 2943.00 Our preference Long positions above 2943.00 with targets at 3000.00 & 3029.00 in extension. Alternative scenario...
Pivot (invalidation): 12070.00 Our preference Long positions above 12070.00 with targets at 12150.00 & 12215.00 in extension. Alternative scenario...
Pivot (invalidation): 5.6760 Our preference Long positions above 5.6760 with targets at 5.7000 & 5.7150 in extension. Alternative scenario...
Pivot (invalidation): 0.6825 Our preference Short positions below 0.6825 with targets at 0.6800 & 0.6780 in extension. Alternative scenario...
Pivot (invalidation): 1.3215 Our preference Long positions above 1.3215 with targets at 1.3245 & 1.3260 in extension. Alternative scenario...
Pivot (invalidation): 0.9845 Our preference Long positions above 0.9845 with targets at 0.9880 & 0.9900 in extension. Alternative scenario...
Pivot (invalidation): 106.75 Our preference Long positions above 106.75 with targets at 107.20 & 107.50 in extension. Alternative scenario...
Pivot (invalidation): 1.2290 Our preference Long positions above 1.2290 with targets at 1.2355 & 1.2400 in extension. Alternative scenario...
GBPJPY Follows Through Higher On Price Extension...
The politicization of the Fed is nothing new. But has taken a worry turn under Trump policy via tweet. The divergence growth outlook leave plenty of room for interpretation...
Pivot (invalidation): 55.80 Our preference Long positions above 55.80 with targets at 56.90 & 57.30 in extension. Alternative scenario...
Pivot (invalidation): 19.5600 Our preference Short positions below 19.5600 with targets at 19.1600 & 19.0100 in extension. Alternative scenario...
Pivot (invalidation): 1553.00 Our preference Short positions below 1553.00 with targets at 1534.00 & 1529.00 in extension. Alternative scenario...
Pivot (invalidation): 2922.00 Our preference Long positions above 2922.00 with targets at 2940.00 & 2970.00 in extension. Alternative scenario...
