The EURUSD and GBPUSD bounce off respective hourly MA levels |
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There is key upside resistance that is stalling the bounce too. So buyers and sellers are battling.
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The PPI data was hotter for the month but there were revisions lower last month
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Next buy zone 2337.5 – 2341.5
targeting a reversal potential in the area of
Yesterday’s VAH, Yesterday’s VWAP 1st upper std dev.
Daily EMA20 2333 so stop below that.
Trade at your own risk.
Visit www.ForexLive.com for additional views.
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The BOE decision is tomorrow. What levels will help guide the pair through either a more bullish run or a more bearish run. Look for the break.
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#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:55 Technical Analysis with Optimal Entries.
1:54 Upcoming Economic Data.
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