1mn with ForexSurvivor
EURJPY Triangle Clears June Gains,
As USDJPY is on preparedness to quench 100.70/101.00 strong yearly support, EURJPY delivered a quick blow to its June triangle through a strong negative close, hinting for an extra selloff of 100 pips below yesterday low.
The short term is rather oversold to enter right now, thus we go for selling the 10pips retracement above today’s opening targeting yesterday’s low. A close below that low will squeeze any buyer for 136.85 (an abrupt rally would allow an adding consideration at 138.55)
This trade is valid as long as no close above this week’s high is triggered.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
EURJPY Triangle Clears June Gains,
As USDJPY is on preparedness to quench 100.70/101.00 strong yearly support, EURJPY delivered a quick blow to its June triangle through a strong negative close, hinting for an extra selloff of 100 pips below yesterday low.
The short term is rather oversold to enter right now, thus we go for selling the 10pips retracement above today’s opening targeting yesterday’s low. A close below that low will squeeze any buyer for 136.85 (an abrupt rally would allow an adding consideration at 138.55)
This trade is valid as long as no close above this week’s high is triggered.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
Recommended Content
Editors’ Picks
AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.