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GBP/JPY formed a “shooting star doji” candlestick on the W1. This is a bearish sign. On the D1, the pair ran into the resistance of the 100-day MA (now at 134.50) and turned lower. On the H4, it has recently formed a lower high. The decline below this week’s lows around 133.30 may lead the pound down to the 50-day MA at 131.40. On the way down, there may be some support at 132.35 (38.2% Fibo of the September advance).
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
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