------------- Todays Market Review ------------- USDJPY The pair enters near-term consolidative phase after posting fresh high at 105.30, en-route to key 105.43 barrier. Shallow pullback so far found support at 104.72, 4-hour 200SMA, keeping immediate bulls in play for renewed attempt higher. Positive near-term structure supports the notion, as break above 105.43 will end short-term corrective phase and signal resumption of larger uptrend. Alternative scenario sees deeper pullback towards strong 104.26/00 support zone, loss of which would neutralize immediate bulls. Res: 105.00, 105.30, 105.43, 105.57 Sup: 104.72, 104.62, 104.26, 104.00 AUDUSD The pair consolidates under fresh high at 0.9362, ahead of strong barrier and double-top at 0.9372. Positive near-term structure and price action holding near the upper boundary of 0.9237/0.9372 range, keep the upside in focus, with eventual break above 0.9372 barrier, also 50% of larger 0.9503/0.9237 descend, seen as a trigger for stronger bounce and retracement. Conversely, near-term structure would weaken in case of further easing through 0.93 support. Overall picture remains in neutral mode and requires break through range borders to establish fresh direction. Res: 0.9350, 0.9362, 0.9372, 0.9400 Sup: 0.9320, 0.9300, 0.9285, 0.9260 Our Services (a) ENTRY AND EXIT ALERT (b) LIVE MARKET UPDATES (c) WORLDWIDE SMS COVERAGE (d) 24/7 LIVE SUPPORT For more info please mail. (e) support@globalforexsignal (f) Visit: (g) globalforexsignal/ (h) https://facebook/globalforexsignal (i) https://twitter/gfxsignal (j) https://globalforex-signal.blogspot/
Posted on: Thu, 04 Sep 2014 19:01:35 +0000
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