USDJJPY 4 HOUR CHART – 155-158?
One of my personal trading rules is to be flat with no positions into key data releases. You can see why today afdter the surprise jobs report.
USDJPY, meanwhile, has broken 156.;49, which also breaks the downside risk in this chart.
As I noted, if yoiu take 144-158 as a range, 156.50 is the midpoint.
Above 156.50 would now be needed to gice it a bid bias.
I have been very bearish on GameStop GME, mainly due to key fundamental factors. The company continues to see revenue deterioration and the ultimate impact of online competition should render its business model obsolete over the very long term. That is why there is so much short interest in this name.
However, GME stock has been skyrocketing in recent days, surging more than 45% yesterday alone.
This recent surge is thanks to Keith Gill, also known as Roaring Kitty on YouTube and DeepF——Value on Reddit. Today brings yet another key Roaring Kitty catalyst, and GME stock fans should be watching closely.
EURUSD Weekly
Well, here we can see that the pressure is on the Up side.
Our current range should extend to at least 1.10000 , so another 100 pips…
Summer is here and from experience I can tell you that mostly during the summer we don’t move much.
But sometimes it can be a great opportunity to break out of given parameters.
So what’s gonna be….
EURUSD Daily
A bit of change in my approach to charts – I am sitting and looking at this daily chart and decided to pull back a bit and see what we really have here.
For almost a month we are sitting between 1.08 and 1.09 .
And if we put aside data, our intraday readings , expectation, formations, patterns….what do we get?
Well, we are stuck in 100 pips range.
As I said last night – Support 1.08850 – Resistance 1.09000
Looks ready to break up right now, but so many times we had perfect set up for a move, just to end up opposite and later on we are watching it and asking ourselves : how could I not see it…
So, unless we see a real break out of the range, just play within it and do not expect some spectacular outcomes.
A look at the day ahead in U.S. and global markets from Mike Dolan
After a frenetic week of G7 interest rate cuts, new records for stocks, another scramble for AI and a wave of elections, world markets have frozen awaiting the U.S. employment report.
The May payrolls report comes just ahead of next week’s Federal Reserve meeting and most of the labor market updates in recent days have indicated a gradual cooling in employment.
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