The overall bias for the S&500 on the H4 chart is bullish, with prices above the Ichimoku cloud. If the bullish momentum continues, the expected price to head towards the 1st resistance line is at 4177.51, which is the 78.6% Fibonacci line.
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, expect USDJPY to head towards the 1st support line at 135.004, where the 78.6% Fibonacci line is located. In an … Continue reading Thursday 01st December 2022: Technical Outlook and Review