| The swing area lows from last week came between 0.8880 and 0.88916. The low price today reached just above that level at 0.8892. |
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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.
1:43 Technical Analysis with Optimal Entries.
3:08 Upcoming Economic Data.
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USDCAD backs off from ceiling area again
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The ceiling going back to November/December 2023 and over the last 5 weeks at 1.36049 to 1.35269 Staying below, keeps the sellers in play (and in short term control too).
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Fed’s Powell testifies on Capitol Hill. Bank of Canada right decision at 9:45 AM.
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The correction off of the 50% midppoint moved back to the broken 38.2% at 1.34523. The 50% is the ceiling now at 1.35374. Buyers and sellers are battling it out.
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USDCHF price drops below 100/200 hour MAs at 0.8508 after weak PPI data.
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