Sharp spike on EUR/USD as stop above 1.0500 in low liquidity saw the single currency spike to 1.0650.
USD/JPY held Y116 however and has led a USD rebound since.
GBP/USD held 1.2300 test as EUR/GBP buying capped cable.
Time will tell if the USD pullback is over or we still have more selling to go in the New Year
USD/JPY |
12/30/2016 6:11 AM |
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Trend daily chart (=) |
Trend weekly chart (=) |
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USD/JPY Intraday: the upside prevails. |
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Pivot: 116.35
Our preference: long positions above 116.35 with targets at 116.95 & 117.25 in extension.
Alternative scenario: below 116.35 look for further downside with 116.10 & 115.70 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
117.50 **
117.25 ***
116.95 ***
116.69 Last
116.35 ***
116.10 **
115.70 ** |
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