EURUSD
enroute to 1.4967
current price (9.05 AM Malaysia): 1.4870
long for: 1.4823, 1.4967, 1.500, 1.5155 —-> the weekly stochastic confirms this.
short for: 1.4751, 1.4577, 1.4310, 1.4281
Directional Bias:
Nearer Term –Bullish
Short Term -Bullish
Medium Term –Bullish
GBPUSD
Momentum continues on the downside
current price (9.06 AM Malaysia): 1.9545
short for: 1.9495, 1.9271, 1.9183 —> confirm by weekly and monthly RSI
long for: 1.9563, 1.9879, (latter to confirm)
Directional Bias:
Nearer Term -Bearish
Short Term -Bearish
Medium Term -Bearish
USDJPY
Bias to the downside
current price (9.11 AM Malaysia): 108.11
short for: 107.22, 106.50, 104.20, –> supported by weekly studies
long for: 109.13, 111.58, 112.60, 113.26
Directional Bias:
Nearer Term -Bearish
Short Term -Bearish
Medium Term -Bearish
tips: if you are not sure whether the price is going up or down , wait for the first price line to break, either long or short.
tonight’s core retails and PPI news is worth of waiting. hepi trading!!
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