Monday’s Doji, overbought RSI probes bulls below 132.20 hurdle

USD/JPY regains upside momentum after crossing the multi-month high the previous day. Overbought RSI, bearish candlestick formation challenges further upside. Weekly support line restrictions immediate downside ahead of the 10-DMA. USD/JPY grinds higher around intraday top near 134.70 heading into Tuesday’s European session. In doing so, the yen pair ignores the previous day’s Doji candlestick, … Read more

Justifies Monday’s bullish Doji to cross 0.9600 ahead of Swiss GDP

USD/CHF takes the bids to refresh intraday high, extends Friday’s rebound from monthly low. 50-DMA, 61.8% Fibonacci retracement level add to the downside filters, 10-DMA guards recovery moves. Swiss GDP, full markets eyed for fresh impulse, recovery remains elusive until staying below 0.9750. USD/CHF pierces the 0.9600 threshold as it stretches the recovery from a … Read more