Breaking:

  • Japan’s fourth quarter of the actual GDP ring than the initial value of 0.2%, expected 0.3%, the former value of 0.3%.
  • Japan’s fourth quarter real GDP annual season than the initial 1%, is expected to 1.1%, the former value of 1.3%.
  • Japan’s fourth quarter nominal GDP ring than the initial value of 0.3%, expected 0.5%, the former value of 0.1%.
  • Japan’s fourth quarter, the real GDP deflator year-on-year value of -0.1%, expected -0.2%, the former value of -0.2%.

Post-BREXIT the cross has been grinding higher, trading at four-months high. The cross spotted with multiple tops between 87 and 87.15 levels, December 2016 high was 87.45. Above these parallel resistance seems at 88.20 and 89.70/89.90 exists. The 61.8% Fibonacci seems at 90.70 ( 2014 Nov to 2016 June fall).

Alternatively, support finds at 86.40, 85 and 84.50 levels. The 20 and 50Wsma find at 83.50 and 81.10 respectively.

The daily RSI indicating a negative divergence, weekly RVI developing a negative formation. Selling pressure accelerates below 86.50 levels.

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