EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
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As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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im looking at the eur jpy h4 chart and i can see o bull divergence being formed with stoch and price action..
??
Where do you see USD/JPY in all of this? I see it testing 92.30s (in coming weeks) with Fed hawkishness, but then again, if risk aversion sets in, I suppose it could drop. Your thoughts are appreciated.
As tom is Friday, ppl wud like to close their Long position.... So wondering this pair to go done to 123.40 in Asia hours.....
It will come down to timing and the short levels. I am a little concerned about the 123.80 level.
Currently, I am watching the EURUSD carefully, and as unlikely as it seems, suppose it manages break above and head into 137 (now just above 13670), EURJPY should move up and possibly make a run into 124. Also, the pre-Aust open has a tendency to push things higher, and if that happens today, it could again push this higher.
Good Luck with your trade
If we look at the 1 Hr chart for EUR/JPY. we cud see tht there is a double top at 123.80.... Do u think it is good time to short this pair at this price.... Keeping in mind tht China is gng to increase their int rate.... Need ur adice....
Thks,
AVG....
@Ashraf: Could you drop a few ideas about why the JPY would drop if losses in the market broaden, please?
-pta-
Ashraf