Wall Street analysis
Dow jones trading again at lifetime high at 23370 , Its tested lifetime high every week and making precious metals weaker . A good support on daily chart stands at 23200 , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major world indices upto 23050 – 22900 today .
A good resistance on daily chart stands at 23510 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this major index upto 23660 – 23780 .
Wall Street analysis conclusion : As said in earlier posts , DJI is in uncharted territory . Avoid any major sell till its making new lifetime highs every week .
USD/JPY analysis
Usd/Jpy trading at 113.77 , its trading higher with DJI and trying to make new highs now . A good base level on daily chart stands at 113.40 , if traders tank this base and manage to sustain trade below our support today , then expect more pressure on this major forex pair upto 113 – 112.70 today .
A good hurdle on daily chart stands at 114.11 , if traders break this barrier and manage to sustain trade above our resistance today , then expect more firepower in this forex pair upto 114.49 – 114.88 .
Usd/Jpy analysis conclusion : This major fx pair trend is flat to weak for now .
Read our gold silver weekly technical analysis here
Today’s major event , data can be seen here
More will update to our trading signals subscribers .