Nasdaq(NAS 100) halts the slide
The Nasdaq(NAS 100) moved further away from its multi-month low as buyers showed their support for the index. A break above 19500 has attracted more buying interest, with the RSI pushing higher. 20000 is the first level to expect sellers to step in, and sentiment could turn around if the price begins retreating to the recent bottom at 19100. With more upside expected, other global indices could follow as the correction comes to an end.
USDJPY climbs higher
The greenback progressed across the board as sentiment shifted once again. A bullish rally shows that the recovery is on track to break the previous swing high at 150.00. A subsequent break above that target would suggest that bulls are still lingering, and a close above 150.90 would seal the deal. March’s high of 151.20 would be the next resistance. 148.30 at the base of the recent recovery is the closest support should price action stumble.
EURGBP stuck sideways
The Euro looks to halt the slide as price action continues consolidating. On the chart, the recent lower spike has bounced prices back towards the 0.8400 region. A strong bullish candle to hit this level would show that bulls are back in business. As the RSI returns to the neutral area, an upside follow-through could be expected above 0.8400 in anticipation of renewed momentum towards 0.8450. 0.8345 remains a firm support if prices slide further.
