USDJPY hits resistance
The dollar took a breather from its recent rally, with the pair adding over 200 pips this week. Intraday, the pair is trying to hold its recent high at 158.00, and a close above this level would first send the greenback towards the next target at 158.60. On the flip side, as the RSI ventures into deep overbought territory, any signs of exhaustion could lead to a full reversal, with 155.80 a critical support level to avoid a bearish continuation.
XAGUSD attempts recovery
Silver awaits a recovery from the recent bounce at 79.50 as traders digest the latest geopolitical headlines. The precious metal is now grinding the support-turned-resistance of 85.00. After the recent price collapse, the next psychological target is 90.0, with the 96.00 top poised to be tested again. On the downside, 79.50 is the immediate support, and its breach could cause a run to the next round number back towards 77.00.
US 30 feels the squeeze
The Dow Jones-US 30 failed to gain any momentum, as prices await the next signal. The price recently stalled around 49000, right under the previous swing high. A combination of profit-taking and fresh selling could drive the market lower in the near term. Bulls are expected to buy the dip should there be a further sell-off towards 47600. A hold at 48000 has seen a brief lift towards 48600, which is a positive sign if the index wants to test the next resistance at 49200.