After weeks of so many speculations and questions: “ Is BoJ going to intervene and where “ we got a simple answer – NO
Even if Boj did some undercover work and used lots of senseless blubber, the market did not flinch.
EURUSD 4 H
And now this does not look good for EUR Bears – This is becoming a very Bullish Formation on Intraday time frames.
Resistances are at 1.07400 & 1.07550 – break of would lead us towards 1.08150.
There is another 50 min for this bar to close, and even Europe is out, usually that is the time for previously created intraday trend to continue uninterrupted .
USDJPY Weekly
We have some interesting levels to watch ;
Resistances at 156.000 & 156.750
Supports at : 153.500 , 152.000 , 151.500 & 150.000
NAS100 4 HOUR CHART – EASY WITH HINDSIGHT
It is easy to say that NAS100 had topped after looking at this chart with hindsight.
Having taken out the lows for the past 2 weeks, NAS100 is on the defensive showing a potential target at 16190. This is not a forecast, just pointing out what I see as a key level on this chart.
Given how fickle this index can be, watch the reaction to earnings later on.
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