BTP TECHS: (H6) Unwinding An Oversold Condition
Dec-12 07:09
* RES 4: 121.33 High Oct 21 and a key resistance area * RES 3: 121.37 High Nov 13 * RES 2: 121.24 Hi...
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EURJPY TECHS: Fresh Cycle High
Nov-12 07:04
- RES 4: 180.37 1.500 proj of the Jul 31 - Sep 29 - Oct 2 price swing
- RES 3: 180.00 Psychological round number
- RES 2: 179.73 1.382 proj of the Jul 31 - Sep 29 - Oct 2 price swing
- RES 1: 179.15 Intraday high
- PRICE: 179.11 @ 07:03 GMT Nov 12
- SUP 1: 177.05/175.52 20- and 50-day EMA values
- SUP 2: 174.82 Low Oct 17
- SUP 3: 173.98 Bull channel support drawn from the Feb 28 low
- SUP 4: 173.92 Low Oct 6 and a gap high on the daily chart
The trend in EURJPY remains bullish and today’s gains reinforce current conditions. The cross has cleared the bull trigger at 178.82, the Oct 30 high, to confirm a resumption of the medium-term uptrend. Note too that moving average studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 179.73, a Fibonacci projection, and the 180.00 psychological handl. First support lies at 177.05, the 20-day EMA.
MNI: GERMAN OCT FINAL CPI +2.3% Y/Y, +0.3% M/M
Nov-12 07:00
- MNI: GERMAN OCT FINAL CPI +2.3% Y/Y, +0.3% M/M
MNI: GERMANY OCT FINAL HICP +2.3% Y/Y, +0.3% M/M
Nov-12 07:00
- MNI: GERMANY OCT FINAL HICP +2.3% Y/Y, +0.3% M/M
