GBP/JPY Morning Technical Report 24/10/2014
ecPulse
2014-10-24 07:16AM UTC
Dow futures moved to the upside again yesterday and is currently trading close to 61.8% correction at 16625.00. The referred to level represent the previously broken key support that turned to resistance, which makes indicates that the upside move is only a retest for this level. Meanwile, breaching the referred to 16625.00 then stabilizing later above 16755.00 indicates the possibility of extending bullishness.
RSI and MACD are showing positivity, but we cannot depend on that now due to the fact that the bullish wave is only a retest. Therefore, we remain nuetral waiting for confirmation signals.
Forex and Currency News
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex
Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
Update: The EURUSD breaches the resistance
2024-05-14 15:07PM UTC
The EURUSD price rallied upwards to attack 1.0795$ and close the last four hours’ candlestick ...
Forex
Zscaler price ends cautiously higher - Forecast today - 14-05-2024
2024-05-14 10:13AM UTC
Zscaler’s stock price (ZS) rose in the intraday levels, amid the dominance of the downward ...
Forex
Marvel Technology price touches SMA resistance - Forecast today - 14-05-2024
2024-05-14 10:12AM UTC