[Belgrade Bobby]

GBPUSD Daily

Supports : 1.28150 , 1.27750 & 1.26650

Resistances : 1.28750 , 1.29400 & 1.30450

Close tonight above 1.28250 would call for another leg Up tomorrow.

[Belgrade Bobby]

EURUSD 4h

Supports : 1.09500 , 1.09250 & 1.09050

Resistances : 1.09850 , 1.10050 & 1.10650

We should be looking for a stabilisation after the drop that was related to the data.

As long as a support at 1.09250 holds, we’ll be watching continuation of the Up trend

[GVI Forex 2]

FWIW it looks like US 10 year has topped out around 3,95% (last 3.926%)… still up 10bps on the day but seeing some FX correlation with dip back in yields

[SF Monedge]

Expecting 1.1020 EU in time if some conditions persist

[GVI Forex 2]

GBPUSD hokding up after bouncing from 1.28 and close to unchanged as GBP is firm on its crosses (EURJPY, GBPCHF, GBPJPY).

[GVI Forex 2]

USDJPY 4 HOUR CHART – IS 150 BACK IN PLAY

USDJPY showing the biggest reaction to US data and the rise in yields.

148 now becomes pivotal as above it puts 150 on the market’s radar although 151.25 is the key level.

Note the FIBO levels (high has been 149.32)

[Mtl JP]

Jay your 1.0910-sh IF visited , should hold Sup
IF tech reading suggestions are worth anything

[SF Monedge]

JP – 1:17 pm .. Concur

[Mtl JP]

EURO 1.0950
–
I – and most likely at least some players – consider this pricepoint a miner dip.

see if 25-ish gets close / holds Sup

[GVI Forex 2]

EURUSD 1 HOIUR CHART – POWER OF 50?

So US data giveth and US data taketh as 1.10+ has failed to hold again.

With 1.0950 being tested, it now becomes the bias setter with 1.0948 a support level. Should 1.0948 be broken, there is a void until 1.0908-13.

So let’s see how the Power of 50 level dictates what comes next.

[Mtl JP]

Ieeha ! new cash cow licencing fee grab:

“FTC bans fake online reviews, inflated social media influence; rule takes effect in October” – cnbc

[Mtl JP]

aud, gbp, yen, euro

“Market Isn’t Your Enemy”

IF … you are on the right side !!!

[Mtl JP]

…”Yields up0, ussd up, stocks up” …

is incongruent. ONE is wrong.

[GVI Forex 2]

Retail sales beats on upside, Jobless claims lower than expected

Yields up0, ussd up, stocks up

[Mtl JP]

IS IT WRONG TO CHARGE STUPID ?

nice repeating cash cow:
“Firms Hit With More Than $475 Million in Fines for Failing to Monitor Traders’ Texts” – WSJ

making “user fee” from mostly beautiful folks who wash their hair twice-a-day, are beautiful and have superior education but are stupid is …… OK.

Does it diminish anyone’s reputation ?

[GVI Forex 2]

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

With the inflation picture under control and market volatility back in its box, summer trading doldrums may well resume as long as the U.S. retail picture holds up later on Thursday.

Morning Bid: Doldrums at last, with US retail and China housing in focus

[GVI Forex 2]

Next focus is on US data, Retail sales and weekly jobless claims, which have jumped from being a third tier to almost a first tier report.

See our Economic Calendar

[GVI Forex 2]

GBPUSD DAILY CHART – 1.2850-00

GBPUSD 1.2850 setting up as the intra-day bias setter with some support coming from a softer EURGBP (after being bid yesterday).

Note the fibo levels,  and resistance on this chart, making 1.2850-00 the zone that needs to be overcome to suggest more scope on the upside.

[GVI Forex 2]

AUDUSD 4 HOUR CHART – HOW DO YOU SPELL WHIPSAW?

Whipsaw: In trading, a whipsaw is a slang term that describes a volatile market where price suddenly moves in one direction and then quickly reverses.

AUDUSD jobs report whipsaw: .6588 => .6556 => .6627

Key resistance Wed’s .6643 high and then a void (major level .6713)

Nothing to speak of on the downside in way of support so look for a bid if it can stay above .66–.

[GVI Forex 2]

AUDUSD down (stops) then up after a close look jobs data report.

See our Economic Calendar

[GVI Forex 2]

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With their help, we are going to be able to continuously offer Trading Club membership FREE for all.

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[Mtl JP]

imminent
GOLD 2447.47
–

In Israel, Support Grows for Offensive Against Hezbollah – wsj aug 14
As the U.S. works to avoid a regional war, inside security circles some wonder whether now is the time to risk one.

[michael Calif]

Aug 11 repost:   nearby Gold futures should peak and turn lower no later than Thursday    :gtwo3

[GVI Forex 2]

XAUUSD 4 OUR CHART – NO NEW HIGH

XAUUSD was setup to go for the record 2483 high but hit a stone wall below 2480.

See this chart for levels (and the trendline)

[GVI Forex 2]

Dollar is holding up to firmer despite soft US bond yields as those trading on yesterday’s news are not smiling.

It remains to be seen if EURUSD can hold above 1.10 if the USD keeps a bid elsewhere.

On the other side, if 1.10 holds it keeps a bid.

[GVI Forex 2]

AUDUSD 30 MIN CHART – TRIPLE TOP

Check out this chart….

Courtesy of The Amazing Trader

[GVI Forex 2]

AUDUSD 4 HOUR CHART – NOT A GOOD DAY FOR THE AUSTRALASION CURRENCIES

Another example of a the Power of 50 with the upside contained below it (at an AT resistance)

As this chart shows, a break of .6579 would be needed to negate the upside risk.

[GVI Forex 2]

Stocks giving back gains….

[GVI Forex 2]

EURGBP 1 HOUR CHART -Watching this cross…

Note how EURUSD lost its strong bid after EURGBP topped out.

On this chart, it would need to break .8571 to negate the upside risk.

[SF Monedge]

It is likely that the Eu sell side runs out of energy a bit headed into tomorrow.  No technical damage has been done but that does not mean there will not be.  There has some transitioning in other instruments which are a bit of a catalyst, some already executed, and some waiting to execute.  These are beginning stages and there is not enough catalyst yet to immediately and profoundly change things.  Yet.

Side note –

For those who’s brokers have use of it, I would recommend giving a platform called QST a look.  Purely for execution through your broker and/or analysis purposes.  I used it when I was a CTA and it was quite helpful.  It will not work well for you if all you seek is a simplified view of things, but if you wish for a more wide view of the internals of markets and neural approaches then it is beneficial.  Disclaimer, I have zero affiliation with them, just attempting to be helpful.  Caveat – it will take time to educate yourself.  Not for the impatient.

Ultimaely Amazing Trader can be very helpful and add visible structure on a retail scale especially in my opinion.  Caveat – I do not use it but I can see its worth immediately just based on my experience and understanding of a wide swath of things.

[Author]

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