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Dovish commentsa from Fed’s Waller… UsD dips but other markets not reacting.
USDJPY 15 Min Chart – So far, so good
Scroll below for my update pointing out a case for an intra-day low aa long as 155.60 holds
Thia was based on an Amazing Trader pattern and logic… Click to learn more> about this amazing charting algo
This blog article is worth revisiting as JPY crosses have been a driver today
Markets are like a river flowing downstream constantly looking for the path of least resistance. When it finds a clear path the pace of flow accelerates. This is a way to look at trading…
Forex Trading: Seeking the Path of Least Resistance
USDJPY 1 HOUR CHART –  BoJ Rate Hike Back on the Table
Selling ahead of the BoJ meeting next week, where a rate hike risk is back on the table, is again weighing on USDJPY and boosting the JPY on its crosses.
This chart, however, shows potential for a bottom today BUT ONLY IF it can stay above 155.60.
Otherwise, using 155-158 as a range puts 156.50 as the midpoint with a sEll bias while below it.
Daily chart shows a void until 153.15 if it stays below 156.
Range so far today: 155.20-156.54
GER30- 4 HOUR CHART –  Marching higher
A combination of a weak currency + expectations of further rate cuts seem to outweigh any other concerns as GER30 continues its march higher.
When in unchartered territory, use the most recent high as the only resistance.
To suggest another leg higher, 50529 needs to become support.
On the downside, expect support as long as it trades above 20000.
So What to expect from The Crypto World – BTC ?
Last two months of the previous year saw some extraordinary developments when it comes to Crypto currencies – Coins.
We have witnessed some mind-boggling rallies on Bitcoin, and all eyes have been glued to its performance.
But there are other Coins that deserve our attention as well:
What to expect from The Crypto World – BTC
Advanced Micro Devices Inc. – AMD
Fighting just above the trendline – and that was one lame attempt to break Up.
Technically speaking – it should continue Down for at least several days ( that is Time-Space ) and unless Trump declares it a Stock of the utmost importance for National Interests, do not expect some miracle…
114.00 first important Support – 99.85 last one.
SOLUSD Daily
Solana stayed shy of the Support trendline ( similar to Bitcoin) , and it has to take out 223.00 to attack the high.
However, it is still very much possible to see prolonged consolidation and to reach 160.00 prior to renewed Up Trend.
Be patient and do not try to run after it – you might end up buying a high that can last even several weeks….
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