USD/JPY: 4-hour
Be careful, dollar bulls and yen bears! USD/JPY is currently hanging out an area of interest near the 50% Fibonacci retracement level, which might keep further gains in check. At the same time, the moving averages made a downward crossover, hinting that the selloff is about to resume. Stochastic is already in the overbought area also, which means that bullish momentum is fading and that selling pressure could return. If that happens, the pair could move back to its previous lows near the 116.50 minor psychological support or lower. On the other hand, a move past the Fib levels could send USD/JPY back up to the ceiling around the 125.00 levels.
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GBP/USD turns south toward 1.2500, US data eyed
GBP/USD is consolidating the rebound above 1.2500 in European trading on Thursday. The pair struggles, despite the US Dollar weakness on dovish Fed signals. A mixed market mood caps the GBP/USD upside ahead of mid-tier US data.
Gold price pulls back as market sentiment improves
The Gold price is trading in the $2,310s on Thursday after retracing about three-tenths of a percent on reduced safe-haven demand. Market sentiment is overall positive as Asian stocks on balance closed higher and Oil prices hover at seven-week lows.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.