Recovery fades near 159.50 as key DMAs, trend lines probe bulls
Share: GBP/JPY bulls struggle to keep the reins after two-day uptrend. 10-DMA, 21-DMA and two-month-old resistance line challenge immediate upside amid sluggish MACD. Bears should wait for 61.8% Fibonacci retracement breakdown. GBP/JPY makes rounds to 159.40 while fading the two-day uptrend during early Tuesday. In doing so, the cross-currency pair jostles with the […]
S&P 500, Nasdaq, Dow Jones Forecast: 200 DMAs in Play
Indices Talking Points: US equities put in a pullback this morning with the S&P 500 finding support at the 200-day moving average. The Nasdaq is holding trendline resistance with the next significant spot of resistance at the 200-day moving average. And the bullish trend in the Dow that led the way higher in Q4 remains […]