EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
USD/JPY is looking for a way
Information is not investment advice
As we had foreseen earlier this week, USD/JPY traveled lower, to the 107.00 area. Then, however, it managed to rebound from the 50-day MA and return above 107.50. The pair still looks very tradable. We acknowledge efforts of buyers, but we see a resistance: 100-day MA at 107.82. On the H4, you may notice a higher high. If USD/JPY stays above 107.50 and breaks above 108.00, we’ll get an “inverted Head and Shoulders” pattern and target 108.40. On the other hand, a decline below 107.50/30, will shift the focus back down to 107.00/106.80.
Elizabeth Belugina
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
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