By Nick Timiraos
The Fed Contrarian Who Saw the Soft Landing Coming
suggests waller’s contrarian-ism sets him for Fed chair
EURUSD
movement levels: 10805, 10837, 10870, and 10910.
Price rose to 10866 then declined to 10837, closed below 10837, and then 10805 is coming.
10805 Reached. The close below it means 10775 is coming. closes above it then return again to 10837.
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Lots of data today , but nothing really appealing…
GBPUSD
In up mood
movement will be between levels 12600 12647 12700 12750
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12700 Reached ..be aware to change the mood to down unless it closed above 12700 and keeps on
12647 Reached. closing below 12647 means 12600 will be reached; ,closing above it will take us again to 12700
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USDJPY Analysis: Consolidation Continues, Key Levels to Watch
The USDJPY pair has failed in its attempt to break above the 150.88 resistance level and remains within a trading range between 149.52 and 150.88.
Nevertheless, as long as the 149.52 support level holds, the sideways movement could be viewed as consolidation for the uptrend from 145.89. A breakout above the 150.88 resistance level could potentially trigger another rise towards the 151.90 resistance level.
The critical support level to monitor is at 149.52. A breakdown below this level would suggest that the upside move has concluded at 150.88. In such a scenario, the pair could find support around the 148.80 area.
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