JPY: USD/JPY - Tops Out Above 158 For Now, Over To The BOJ
Oct-29 21:12
The USD/JPY range overnight was 157.64-158.13, Asia is currently trading around 157.67. The pair con...
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US: "TRUMP EXPECTED TO ANNOUNCE SOME $54 BILLION IN FUNDING FROM SOUTH [...]
Sep-29 21:02
"TRUMP EXPECTED TO ANNOUNCE SOME $54 BILLION IN FUNDING FROM SOUTH KOREA INVESTMENT FUND FOR ALASKA LNG PROJECT AS EARLY AS WEDNESDAY - SOURCES - [RTRS]"
GLOBAL: President Trump via Social Media
Sep-29 21:01
USDCAD TECHS: Northbound
Sep-29 20:00
- RES 4: 1.4328 1.764 proj of the Jan 30 - Mar 31 - May 1 price swing
- RES 3: 1.4248 High Jun 24 and a key resistance
- RES 2: 1.4239 High Jul 6
- RES 1: 1.4202 High Sep 29
- PRICE: 1.4195 @ 16:52 BST Sep 29
- SUP 1: 1.3998 20-day EMA
- SUP 2: 1.3964/3732 50-day EMA / Low Aug 21 and the bear trigger
- SUP 3: 1.3715 76.4% retracement of the May 1 - Jun 24 bull cycle
- SUP 4: 1.3672 Low May 12
A clear bull cycle in USDCAD remains in play and another fresh cycle high, reinforces current conditions. The pair continues to trade above the 50-day EMA. Note too that last week’s gains confirmed a breach of 1.4126, the 76.4% retracement point of the Jun 24 - Aug 21 bear leg. This opens 1.4248, the Jun 24 high and the next key resistance. First key support to watch lies at 1.3964, the 50-day EMA.
