News

Emergency Meeting Called  JPY traders are on high alert after news that Japanese authorities will conduct an emergency meeting today over recent Yen weakness. The Ministry of Finance, Bank of Japan and the Japanese Financial Services Agency are due to hold their first three-way meeting since Q1 today as USDJPY pushed above 140 for the […]

TitleBCOUSD H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price is falling towards the pivot point of 74.599 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 77.746. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 72.061 To […]

EURUSD, “Euro vs US Dollar” On H4, near the resistance level, EURUSD has formed a Harami reversal pattern. Currently, the currency pair is going by the reversal signal in a descending wave. The decline target might be 1.0640. However, the pair could correct to 1.0725 and continue the downtrend after the test of the resistance […]

The Japanese yen is trying to strengthen against the US dollar. The current USDJPY quote is 140.33. The yen has been attempting to strengthen in the last few hours. This morning, reports surfaced that high-ranking Japanese officials would convene for an emergency meeting. Representatives from the Central Bank will also be at the meeting, which […]

TitleUSDJPY H4 | Pulling back to overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 140.072 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 140.943. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 139.234. To discuss […]

TitleUSDCAD H4 | Bounce off 50% Fibo TypeBullish Bounce Preference: Price is dropping to our pivot point of 1.35619 which is a pullback support that aligns with a 50% Fibonacci retracement. A bounce  from here, price could rally to 1st resistance at 1.36406 Alternative scenario:However, if price were to break below the pivot, it could […]