I’m seeing indications of weakness for the dollar in other charts so maybe we’ll see a test of 94.80 for the dollar index but as long as it holds above that level it’s in a strong position in the LT.
GBPUSD up from Support
earlier in December GBPUSD reached the 30mn Support at 1.2481
EURUSD 28th December 2018
EURUSD is having a problem printing above 1.1450, the 1/2R but is being Supported by the 1.1310 level (previously a major controlling price). Time above that 1/2R would indicate strength.
USDJPY major poc has moved
USDJPY – the major controlling price recently migrated to 112.60. If chart prints below that level it is in a weak price location.
Dollar Index has probed the November high.
Dollar Index has probed the November high.
EURUSD weak pattern
EURUSD consolidating below a major 1/2R. That’s a weak pattern.
GBPUSD remains in a weak position
from 16th Nov: GBPUSD remains in a weak position. A higher low above 1.2978, the minor 1/2R off August low would be first sign of strength.
GBPUSD remains in LT weak chart position
GBPUSD 16th Nov: >>GBPUSD remains in a weak position. A higher low above 1.2978, the minor 1/2R off August low would be first sign of strength.<<
GBPUSD 16th November
GBPUSD remains in a weak position. A higher low above 1.2978, the minor 1/2R off August low would be first sign of strength.