------------------------------------------------------------------------ Date Time Country E...
Find more articles and bullets on these widgets:
| Date | Time | Country | Event |
| 30-Dec | 0800 | ES | HICP (p) |
| 02-Jan | 0815 | ES | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0845 | IT | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0850 | FR | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0855 | DE | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0900 | EU | S&P Global Manufacturing PMI (f) / M3 |
| 06-Jan | 0745 | FR | HICP (p) |
| 06-Jan | 0815 | ES | S&P Global Services / Composite PMI (f) |
| 06-Jan | 0845 | IT | S&P Global Services / Composite PMI (f) |
| 06-Jan | 0850 | FR | S&P Global Services / Composite PMI (f) |
| 06-Jan | 0855 | DE | S&P Global Services / Composite PMI (f) |
| 06-Jan | 0900 | DE | Regional CPIs |
| 06-Jan | 0900 | EU | S&P Global Services / Composite PMI (f) |
| 06-Jan | 1300 | DE | Germany CPI (p) |
The trend structure in USDJPY is bullish and the latest pullback - for now - appears corrective. Note that MA studies are in a bull-mode position, highlighting a dominant uptrend. Attention is on 157.89, the Nov 20 high and a bull trigger. A break of this hurdle would confirm a resumption of the uptrend. Support to watch lies at 154.47, the 50-day EMA. A clear breach of it would undermine the bull theme and signal scope for a deeper correction.
A bull cycle in EURGBP that started Dec 9 remains in place for now, and support to watch lies at 0.8721, the Dec 9 low. It has been pierced, a clear break of this level would undermine the bull theme and instead signal scope for a deeper corrective pullback. This would open 0.8706, a Fibonacci retracement point. Initial key short-term resistance is at 0.8797, the Dec 17 high. Clearance of this hurdle would be a bullish development.