Daily Technical Report | Forex Factory

  • Daily Technical Report

    From swissquote.com Story is in PDF Format

    USD/JPY is still riding within symmetrical triangle towards resistance given at 114.37 (10/05/2017 high). Hourly support can be found at 112.83 (05/07/2017 low). Stronger support is located at 108.13 (17/04/2017 low). Expected to show continued bullish pressures. • We favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low). • EUR/USD is still consolidating and should target resistance at 1.1445 (29/06/2017 high). Hourly support can ... (full story)

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smikester
Jul 10, 2017 8:29am
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Quoting forexengines
"USD/JPY - Ready For A Bullish Breakout" This must be a false technical analysis / prediction. JPY is long under pressure, and is practically oversold.
Does seem to be a bit cockamamy.
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forexengines
Jul 10, 2017 8:24am
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"USD/JPY - Ready For A Bullish Breakout"

This must be a false technical analysis / prediction.

JPY is long under pressure, and is practically oversold.
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forexengines
Jul 10, 2017 8:38am
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Quoting smikester
{quote} Does seem to be a bit cockamamy.
Not ridiculous when you have average 55.5% live traders ready to buy JPY.
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Mazakeen
Jul 10, 2017 2:03pm
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all pairs seem to trade in a narrow band at the moment
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