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USD/JPY entering support zone

MyHedge Posted 18 Nov.  in #Forex #Usdjpy #Support #Technical #Fibonacci #Successful #Moving Average #Macroeconomic

Price found some good support on the 0.618 Fibonacci level (of the previous big uptrend) and near the 200 day moving average. Please keep in mind the big red line, this marks a very strong level which acted as support for some big moves in the past.
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2 Dec. 2016 Macroeconomic View.

cosma Posted 2 Dec.  in #Macroeconomic
Good Morning All
;
U.S. factory activity accelerated to a five-month high in November amid a pickup in new orders and production, suggesting that the manufacturing sector was regaining its footing after a prolonged slump. Thursday's report from the ISM, which also showed some bottlenecks in the supply chain that could drive prices higher, was the latest indication that the economy continued to gain momentum in Q4. ISM Manufacturing rose 1.3% to 53.2 last month, its best since June. Manufacturing…
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