USD/JPY looking to retrace 50%

USD/JPY looking to retrace 50%

USD/JPY has been strongly bearish across the board, looking to test new lows. During November 15th session, the pair has made a rebound and it’s targeting the Fibonacci zone of 50% at 113.18. If we see a pull back around that area, we can be on the way to test the next Fibonacci target of -23.6% at 112.12, while to the upside, if the pair breaks above 78.6%, then it can reach the November 14th at 113.89.

RSI indicator is in the neutral territory, calling for further sideways’ consolidation.



AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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