- This topic has 28,144 replies, 54 voices, and was last updated 6 hours ago by .
-
Big downside miss in ISM Services PMI..Bond yields down… USDJPY showing biggest FX reaction…
Source: Newsquawk.com
ADP Employment beats on the upside… Note ADP does not correkate with NFP (due Frida).
Source: Newsquawk.com
Through the previous week, we have seen increased volatility within the market with many eyes looking at NVDA historic loss. Many question as to whether or not DeepSeek brought the end of NVDA’s market dominance or if it will continue its bull run. Looking ahead to figure out which scenario will play out, for NVDA to continue its bull-run has to break past that previous lower high at $130.29, eventually to hopefully reclaim some of the gap left in the DeepSeek wake. If it fails to reclaim that lower high and push down to a lower low, I would then be watching the lower key levels at $100.95 and $90.69 as a resistance level.
Yen Hourly
USDJPY 1 hour
On the 1 hour chart, we can see that we have a minor downward trendline adding confluence to the resistance zone. This should technically strengthen the resistance and give the sellers more conviction to step in there targeting new lows.
The buyers, on the other hand, will look for a break above the resistance and the trendline to position for a pullback into the 155.00 handle. The red lines define the average daily range for today.
GBPUSD 1h – Intraday
Supports : 1.25250, 1.24950 & 1.24600
Resistances : 1.25450, 1.25850 & 1.26200
If it wants to test previous high in next couple of hours, Cable has to close this hour above 1.25250
Loss of that support doesn’t mean change of trend – as long as above 1.24950 it is going to push Up towards 1.26, but with a delay.
EURUSD Daily
Supports: 1.04000, 1.03700 & 1.03200
Resistances: 1.04300, 1.04500 & 1.04650
Intraday direction – Up
Possible reach on the Up side – 1.05050
Downside – 1.02700
That 1.02700 is the historical angle that holds the uptrend – once lost we see new low.
On the Big picture – we are in downtrend – as long as it stays below 1.06150
However, unless 1.01800 taken out, EUR can form a bottom here.
- You must be logged in to reply to this topic.