Japanese Yen Weekly Technical Outlook: Charts Spell Trouble for Yen
The Japanese Yen is entering the new week on weak footing, especially as the Nikkei 225 attempts a breakout.
The Japanese Yen is entering the new week on weak footing, especially as the Nikkei 225 attempts a breakout.
The daily GBPUSD chart shows further upside possible but the four-hour chart warns that the recent uptrend may be broken and drag and caution is needed.
A steady slide in the Dollar and healthy advance is equities this past week was checked before we reached the opportunity for a break. What are the levels and markets we should watch most closely in the week ahead?
The euro will start the week coming off resistance, keeping it amid the chop; tactical considerations outlined for both sides of the market.
The Dollar’s range is starting to represent one of the longest periods of indecision for the currency in four years. A break is inevitable but the question is ‘how soon’ and whether it will neatly fit the head-and-shoulders.
European equities finally found a bit of support as US equities pulled back to close the week. Global stocks appear to be lining up for an interesting Q4 around-the-world.