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XAGUSD DAILY CHART – $30 AND 10%
XAGUSD fall from a 32.50 double top reached around 10% to today’s low.
The break of $30, meanwhile, makes this the pivotal level that will determine whether the retreat has farther to fo go.
Similar to XaUUSD, I would not be suroprised to hear JPY cArry trades being unwound.
XAGUSD DAILY CHART – $30 AND 10%
XAGUSD fall from a 32.50 double top reached around 10% to today’s low.
The break of $30, meanwhile, makes this the pivotal level that will determine whether the retreat has farther to fo go.
Similar to XaUUSD, I would not be suroprised to hear JPY cArry trades being unwound.
XAGUSD DAILY CHART – $30 AND 10%
XAGUSD fall from a 32.50 double top reached around 10% to today’s low.
The break of $30, meanwhile, makes this the pivotal level that will determine whether the retreat has farther to fo go.
Similar to XaUUSD, I would not be suroprised to hear JPY cArry trades being unwound.
AUDJOY DAILY CHART – JOY THE OUTPERRFORMER, AUD THE UNDERPERFORMER
You can see why AUDJPY 102.59 is important as there is a void below it.
On the upside,stays offered as long as it trades below the 103.50 former support.
Should 102.59 be broken, 102 (psychological) is a poyential suppoty or pause level.
USDJPY DAILY CHART – 155 IN SIGHT
As I pointed out yesterday USDJPY was showing signs of correlating with the dip in US yields (lower) and getting some safe haven fflows as well (US equities lower).This has it coming in sight of the pivotal 155 level and as I also pointed out yesterday a solid move bekow 155 would be a game changer as it would shift the focus away from 158 and above.’
So watch 155 to see how USDJPY trades with key supports shown on this chart
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