Roberto Jacobs / Blog
EURGBP - We look to Buy at 0.7660 (stop at 0.7635) EURGBP - Bespoke support is located at 0.7585. Bullish Outside Day posted, a pattern that often indicates the end of a bearish run and the start of a new upward bias. The 161.8% Fibonacci extension is located at 0.7691 from 0.7564 to 0.7643...
CADJPY While Above 83.9 Can Extend Higher Short term Elliottwave structure suggests that dip to 82.88 on 5/24 ended wave X. Rally from there is unfolding as a double three where wave ((w)) ended at 85.17, wave ((x)) ended at 83.88, and wave ((y)) is in progress...
Could There be Further Upside Potential on the Horizon for the GBPCHF? Whilst the Cable is presently taking a bit of a thrashing, the GBPCHF could be setting up to perform a final leg of an Elliot wave which could have some significant upside potential...
USDCHF: Looks To Resume Broader Uptrend USDCHF: Having the pair continued to maintain its medium term upside bias, trend resumption is envisaged. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0...
Where To Sell EUR/USD? - Credit Suisse EUR/USD’s challenge of key support at 1.1097/1058 – the 200-day average, 50% retracement level and price support – has led to fresh buying for a bounce higher, notes Credit Suisse...
EUR/JPY Erodes Over 2 Big Figures on JP Sales-Tax Decision The European currency was heavily battered by its Japanese rival in the late-Asian/ early European trades, knocking-off EUR/JPY to fresh three-week lows. EUR/JPY: 122 handle tested The EUR/JPY pair sinks -0.81% to 122...
EUR/GBP Upside Faltered Ahead of 0.7700 Yesterday’s abrupt drop of the sterling has allowed EUR/GBP to recover ground lost, although the bull run lost momentum just below 0.7700 the figure...
GBP/USD Sidelined Below 1.45 Ahead of Data The sterling is trading almost unchanged vs. the greenback on Wednesday, with GBP/USD navigating the 1.4480/85 band so far. GBP/USD focus on UK data The pair is posting meager gains today following yesterday’s drop from the area above the 1...
EUR/USD Under Pressure Below 5-DMA, PMIs in Focus EUR/USD is seen moving side-ways since the mid-Asian trades, having failed several attempts to reclaim 1...