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Daily Pivots: (S1) 180.58; (P) 180.97; (R1) 181.59; More… EUR/JPY is still bounded in sideway consolidations below 181.98 and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained by 178.80 resistance turned support to bring another rally. On the upside, break of 181.98 will target 100% projection of 161.06 […]
The post EUR/JPY Daily Outlook appeared first on ActionForex.
Daily Pivots: (S1) 0.8785; (P) 0.8794; (R1) 0.8806; More… Intraday bias in EUR/GBP remains neutral outlook is unchanged. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA (now at 0.745) will solidify the case of bearish reversal. Deeper fall should then be seen to 0.8631 cluster (38.2% retracement of 0.8221 to […]
The post EUR/GBP Daily Outlook appeared first on ActionForex.
Daily Pivots: (S1) 0.8785; (P) 0.8794; (R1) 0.8806; More… Intraday bias in EUR/GBP remains neutral outlook is unchanged. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA (now at 0.745) will solidify the case of bearish reversal. Deeper fall should then be seen to 0.8631 cluster (38.2% retracement of 0.8221 to […]
The post EUR/GBP Daily Outlook appeared first on ActionForex.
For what it is worth, Nvidia’s CEO Jensen Huang has been seen entering Speaker the house Johnson’s office. Look for those buy orders from Capitol Hill (/S).
Shares of Nvidia are down $0.23 or -0.13% at $181.24. The high price today reached $182.45. The low was at $179.11. Nvidia’s 100 hour moving averages at $183.60 and moving lower.
Yesterday the price extended above that moving average level briefly, but then backed off and closed below the moving average on the day. If the technical bias is to turn more to the upside, the price needs to get and stay above that level. Absent that, and the sellers are more in control.
This article was written by Greg Michalowski at investinglive.com.
The GBPUSD pushed to a session high of 1.33142 early in North America, coming within five pips of the 200-day moving average at 1.33194. Sellers leaned against that level and forced a retreat to 1.3291, but buyers quickly regrouped and drove the pair back higher.
That rebound has now taken the price above the 200-day moving average, with the latest high printing at 1.3330. Buyers are making a legitimate play on that topside break. The question now: Can they keep the momentum and hold above the 200-day MA, which acts as the near-term risk level (allowing for a few pips of give-and-take)?
A more conservative downside risk sits at the 61.8% retracement of the drop from the mid-October high at 1.32943.
On the topside, the next key target is the 100-day moving average, currently at 1.33667.
This article was written by Greg Michalowski at investinglive.com.
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