EURJPY TECHS: Pivot Support Lies At The 50-Day EMA
Mar-20 07:08
* RES 4: 165.43 High Nov 8 * RES 3: 164.90 High Dec 30 '24 and a key medium-term resistance * RES 2:...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
UK DATA: First glance a mixed data set, tilting towards better than expected
Feb-18 07:06
- Private regular AWE a touch lower than expected, whole economy regular AWE broadly in line, whole economy inc bonus marginally higher than exp.
- PAYE payrolls revised significantly (again). +20.7k in Jan and -13.9k in Dec (rather than -47k in Dec)
- LFS unemployment rate at 4.4% (rounded). BOE looked for 4.45%, consensus 4.5% (rounded).
- More to follow.
AUDUSD TECHS: Bulls Remain In The Driver’s Seat
Feb-18 07:03
- RES 4: 0.6471 High Dec 9 ‘24
- RES 3: 0.6429 High Dec 12 ‘24
- RES 2: 0.6414 38.2% retracement of the Sep 30 ‘24 - Feb 3 bear leg
- RES 1: 0.6384 High Dec 13
- PRICE: 0.6360 @ 07:03 GMT Feb 18
- SUP 1: 0.6305/6231 50-day EMA / Low Feb 10
- SUP 3: 0.6171/6088 Low Feb 4 / 3
- SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 4: 0.6000 Round number support
AUDUSD is trading at its recent highs and a bull theme remains intact. The pair has cleared 0.6331, the Jan 24 high and a key short-term resistance. The breach highlights a stronger reversal and paves the way for gains towards 0.6414, a Fibonacci retracement. Note that moving average studies remain in a bear-mode position. This suggests the latest recovery is a correction. Initial firm support to watch is 0.6231, the Feb 10 low.
MNI: UK JAN CLAIMANT CHG +22000
Feb-18 07:00
- MNI: UK JAN CLAIMANT CHG +22000
- UK JAN CLAIMANT RATE +4.6%
- UK DEC AVE WEEKLY EARNINGS +6% YY
- UK DEC AVE WEEKLY EARNINGS EX-BONUS +5.9% YY
