EURJPY 4 HOUR
I was asked why the dollar is not moving up with higher yields today.
My answer: Look at the JPY where weak crosses are giving other currencies, such as the EURUSD, some offset support.
So, take a look at EURJPY, which is testing the next resistance at 162.18.
161.70 is now the key support.
EURUSD 4H
Eur just couldn’t close bellow that support trend line…
This looks very bearish, and calls for at least another attempt for previous low , or near it.
I’ll give it all the way to 1.08650, and if taken out, we are on the road to 1.07950
However, if it holds, we can witness few days of Sideways to Up. Even 1.09200
I am not going to Buy it no matter what.
Sell small time frames
DLRx 102.94 – little-bitly down
10-yr 4.273%
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dlr may be up on the week but looking to take a pause here.
players’ consensus for next week FED is no change.
Probable next player interest will be FOMC’s dots. (the dots are a coded messaging system to quasi-insiders and are assumed to represent policy-makers’ expectations)
BTC 4 HOUR CHART
When something moves *in this case down) almost 6%, it is hard to give a technical view even though charts after the fact can look clear (note 2 blue AT lines signaled a potential top).
Given the way BTC trades, psychological or magic number levels might be a better guide.
In this regard, 60,000-65,000-70,000 will dictate how far this retracement goes.
USDCHF Analysis: Breakout and Potential Upside Movement
Following the breakout above the resistance of the descending price channel on the 4-hour chart, USDCHF has continued its upward trajectory by surpassing the 0.8794 resistance level and reaching a peak of 0.8852. This development suggests that the downward movement from 0.8892 may have concluded at 0.8729.
A further rally is likely in the upcoming days, with the next target set at the previous high of 0.8892. If the price manages to exceed this level, the focus could shift towards the 0.9000 area.
The initial support level to monitor is at 0.8794. Only a breakdown below this level could potentially trigger another descent towards testing the 0.8729 support level.
USDJPY 4 HOUR CHART
Some pre-BoJ meeting cold feet have JPY trading weaker
Offsets out of EURJPY buying are helping so far to keep EURUSD above 1.0867 (see post below)
Rising red AT lines show risk to the upside as long as it stays above 148.00-04 but…
Major resistance is not until the upper 150+ so not close to key levels.
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