USDJPY
A US shutdown occurred and after 16 long days, the government was back on its’ feet. Consequently, the debt ceiling was raised with a green light from the President and simultaneously extensive talks of threat to default came about. Additionally, the intense drama has resulted in a temporary 2 to 3 months deal, so what’s next we may wonder but the real question is, what will happen after the short term deal comes to an end? -
#EURUSD
Summary
Target Level 1.3104
Target Period 12 days
Stop Level 1.36455
Analysis
Channel Up identified at 09-Oct-23:00 GMT+1. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.31 within the next 12 days.
Resistance Levels
Support Levels
(A) 1.31045 Last support turning point of Channel Up.
#AUDUSD amidst a tight range after a week of stellar gains, ahead of crucial data
The AUD/USD is trading at a confined range since the early opening on Sunday, as it is more than plausible that due to a slight profit taking and to the general recover of the American dollar, the cross eases a bit.