Today’s market hours brings the latest Monetary Policy Statement from the BOE as well as the central bank’s interest rate call, all dropping at 11:00 GMT; a 25 bps rate hike from the BOE has been highly anticipated, but a recent slump in UK economic data has left the odds of a rate hike on the low side, and yesterday’s Markit PMI dropped to 54.0, below the market’s broader expectations and slipping further away from the previous reading, implying a slowdown for the UK could be on the cards for E…
priceaction113's Blog
USD/JPY
there was short-term bullishness, but it was not clear that it was going to last. I had no directional bias. I should have had more confidence in the bullish move, which has continued, printing new higher support levels and invalidating the resistance at 112.06. There is also a long-term bullish trend and with the European pairs looking more consolidative, this seems to be at the heart of the action in today’s Forex market. There are good reasons to be bullish, although the ADP data release late…
USD/JPY
USD/JPY pair is moving around bellow daily 200 SMA i.e 104.44, the volume is high, I am long in this pair with the stop loss at 101.145 and take profit at 103.56. if we see the jun and July 2013 chart , it clearly shows a resistance area around 101.14 which was eventually broken upside in Nov 2013. and become support area as we seen from Feb 2014 to July 2014 price stay there and did not breach downside. so this area becomes support as old resistance often become support when they breach
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ESP.IDX
ESP Index is in the downward direction after forming the Doji candle at 8713. a test of 8269 area can occur that can be a good spot for long entry as per price behaviour.
EOAN.DE
Price is testing strong support area at 8.133 area a good possible long entrance exists at this point a tight stop bellow this area is advised. Be careful about spike downside.
DTE.DE
The price is testing very strong support area at 15.13 a breach of this area will open sharp downside move play with caution.can go long with the tight stop.
DPW.DE
price test a high of 29.64 and formed a red doji is reversal formation and evening star is very strong formation price is in range a possible short entry with the stop above the high is good set up
DEU.DE
Price is in the downward direction after testing 10737 area and can test lower side support at 10333 a long trade tight stop loss can be done.
DBI.DE
Price is moving in the range that is 73.00 to 76.71 a possible test of low boundary of range is expected, can be a good set up for long with tight stop
DAI.DE
Price is in downward direction after testing upper side resistance at 63.43
can test lower side up to 59.50 that is the good area for long with the tight stop;
can test lower side up to 59.50 that is the good area for long with the tight stop;