[Belgrade Knez]

one big move in JPY and now back to where it was ….. someone really made nice money and run some stops

[Belgrade Knez]

April 16, 2024 at 3:00 pm
GVI Forex
USDJPY 5-MINUTE CHART – BLINK AND YOU MISSED IT

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even if you didn’t blink, it’s hard to jump in to the running train

[GVI Forex]

USDJPY 5-MINUTE CHART – BLINK AND YOU MISSED IT

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[GVI Forex]

Intervention in USDJPY or someone trying to spook the market?

[GVI Forex]

One more

Fed VP Jefferson sounds more hawkish, which could be a prelude to Powell later.

[GVI Forex]

Using crosses to trade Soot FX

EURUSD 1.0629

EURJPY 164.48

Only one factor (also bond yields ate up09 but enough for EURUSD yo back off from 1.0650+.

[GVI Forex]

FWIW no top yet in EURJPY although 164.64 area is putting up a fight

EURUSD testing 1.0650

[GVI Forex]

EURJPY 4-HOUR CHART -BID BUT STILL BELOW KEY RESISTANCE

Damage is not yet fatal as 164.99-165.17 would need to break 164.99-165.17 and then 165/35 (daily chart)  tp take out the key highs.

[GVI Forex]

EURUSD 30 MIN CHART — PAUSES BELOW “50”

EURUSD GETTING A BOOST OUT EURJPY BUT SO FAR STOPPING AT AN AMAZING tRADER (BLUE) AT 1.0648 CONFIRMING WHAT I have been saying about the power of “50”

iF LOOKING FOR A EURUSD TOP, WATCG EURJPY FOR A CLUE. kEY AREA IS 1.0660-65

[GVI Forex]

I suggest reading my post at April 16, 2024 at 10:33 am

It should all make sense to you.

If not contact me.

[Belgrade Bobby]

One Tip – never look in straight line at MA, trend line or Fibo…always take into account Time – Space and use Thumb analysis

[Belgrade Bobby]

EMA 50

[Belgrade Knez]

Bobby 12:34

I would say: not always by the book 😉

what MA is that on your chart, please?

 

[Belgrade Bobby]

It’s never by the book 😀 Plus, look at that MA * white one…

[Belgrade Knez]

Bobby 12:06

according to that 4h chart, if by the book price should retrace back to 1.0847 …. BUT

 

[Belgrade Bobby]

EURUSD 4h

Resistance 1.06350 – Above that it is not clear how far it can reach. It is open all the way till 1.07150

Support 1.06200 & 1.06000

Bellow that it targets 1.05400

Have a nice day 😀

[GVI Forex]

A look at the day ahead in U.S. and global markets from Mike Dolan

With Middle East anxiety still brewing in the background, the red hot U.S. retail readout for March has underlined the sheer strength of the economic expansion there and is super-charging the dollar around the world.

Morning bid: Red hot retail readout drives US economy and dollar

[GVI Forex]

OUR BLOG IS A WEALTH OF TRADIG INFORMATION, IF YOU ARE TRADING THESE DAYS YOU MUST KEEP AN EYE ON INTEREST RATES (I.E US BOND YIELDS) AS EXPLAINED IN THIS ARTICLE

Why Interest Rates Matter

[GVI Forex]

USDJPY 1 HOUR CHART =Another 34-year high

As noted here yesterday, 154.-155 is a sticky zone with the top end as a pivotal level and potential BoJ line in the sand.

So far the market is showing no fear of the BoJ and is again taking the path of least resistance by selling JPY on its crosses (e.g. EURJPY, GBPJPY) where the BpK is less likely to intervene,

For intra-day traders, look for the “50” level (154.50) to be pivotal in the days ahead in determining whther the market goes after 155.

[Mtl JP]

the 10-yr 4.63 % is not substantially down from its 52-week high of 4.99% hit in October 2023

[Author]

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