[GVI Forex]

Good flow by me in the JPY

Low at 151.05 vs 151.00 support

The Japanese meeting being publicized is like a form of verbal intervention.

[GVI Forex]

ALERT: USDJPY dives after reports that the BoJ, FSA will hold a meeting at 09:15 GMT to discuss financial markets.

[GVI Forex]

This is a very timely article posted yesterday in our blog

With USDJPY setting a new 32-year high, traders are keeping one eye out for any hints of intervention, This has seen Japanese officials step up verbal intervention in an effort to contain or at least deter the USDJPY from making a run at another new high.

Trader Alert: Will the Bank of Japan Intervene and Does Forex Intervention Work?

[GVI Forex]

Summary

Yen slips to 34-year low at 151.97 per dollar

Finmin Suzuki says authorities could take ‘decisive steps’ Phrase was used ahead of previous intervention in Oct 2022

Analysts warn yen weakness in yen risks domino effects

Japan makes strongest intervention warning as yen hits 34-year low

[Belgrade Knez]

March 26, 2024 at 4:44 pm
Mtl JP …. you can’t afford me to type on your behalf. 🙂

[GVI Forex]

THIS IS NOT AN AD BUT A RESOURCE FROM GLOBAL-VIEW THAT MAY CHANGE THE WAY YOU LOOK AT TRADING

[Mtl JP]

thise are the two elements helping make the next few days tedious and boring
until
–
08:30 Friday PCE and Powell yak at 11:30

[Mtl JP]

same old same old “news” same old same old blabla
–
Bank of Canada sounds alarm on low productivity, cites inflation risks

[GVI Forex]

AUST CPI up next

See our Economic Calendar

[Mtl JP]

EXPERT
“who has been studying initial public offerings (IPOs) for over 40 years”
and still as befuddled as newborn calf eyeballing newly painted barn door

Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic – cnn

[Mtl JP]

DLRx 103.94
wallowing under recent peaks
no cause to climb; no cause to dive

waiting for some firecracker to go off

[SF Monedge]

Clearly very early (pre-stock market open) currencies and other markets were inconsistent, as was the case yesterday.  At the moment 10yr yield and Eur are both negative, which is not consistent.  The activity across markets this week has been as if to shake off the prior week’s intensity.  Quarter end results and other issues as well.

[GVI Forex]

The trend is your friend day after earlier retracements failed to reach key levels

Look at my earlier posts and AT charts

EURUSD high 1.0664 – failed to test 1.0668 (last 1.0828)

GBPUSD high 1.2668 – failed to test 1.2674 (last 1.2629)

*Note that EURUSD lost its bid when EURGBP lost its bid.

[GVI Forex]

NAS100 4 HOUR CHART – Consolidating for now

As I have said, if using CFDs, pricing can vary between brokers, even for the same symbols so look at the chart pattern as it should be similar to what you are showing on your chart.’

Looking at this chart, 18,000 seems to be the level that will keep a bid under this market as long as it holds.

[SF Monedge]

The closer to 8500 EurGbp gets the more the odds it reverses increase.  It will either be that or a blow out run uphill.  I am not sold on continuation at this point.

[Mtl JP]

Knez 11:53 IF you fire up Signal I ll dictate to you and you speedy typist can type ?

[SF Monedge]

Fun fact – There is $1.54 Trillion of US currency in circulation, and 97% of that is Federal Reserve Notes.

[SF Monedge]

Scaling in Sterling longs approaching 2600 from the 20’s, spread elsewhere to cover.

[GVI Forex]

This is one of my trading tips posted in our blog. It is a timely one for today.

Complacency Can Be a Traders Worst Enemy

…I am not saying to stay glued to your screen but just be aware that it pays to stay on alert. Markets have a tendency to move when traders give up on the day and get lulled into complacency….

See the full tip in Jay Meisler’s Common Sense Trading Tips

[GVI Forex]

EURGBP 4 HOUR CHART – Bid but consolidating

I am posting a 4-hour chart to show the key level at.8602

Offset GBP selling out of this cross is one reason why GBPUSD failed to test 1.2674 (cited earlier) – contact me if you want a further explanation of how this works. It also gave a bid to EURUSD, which has so far been unable to test 1.0868 (cited earlier) despite demand from this cross.

See chart for support levels.

[Author]

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