Wednesday, May 18, 2016

ASIA Lifts #USDJPY #USDCHF #DXY Respectively

Asian FX session Drives USDJPY @110.09 with three (3) consecutive weeks of gains from 105.55 low as basis of the focal turning point. While USDCHF marks higher @0.9880 from a 0.9663 low & pulls back above 0.9700 benchmark support / resistance. This has supported the lift of the USD Index above the crucial 95.05/10 levels pointed out earlier in our previous analysis that the market is 'Momentum driven while building volume trades to justify our Market call. Likewise, when such momentum is sustained towards the European and US trading sessions, we do expect a continuing rally to be made with intensity covering the USD above these levels while session pullbacks would not again be discounted due to the early hours heading towards the two major markets still needs to be priced into the market..

ASIA Lifts #USDJPY #USDCHF #DXY Respectively

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