THE-real-Deal

THE-real-Deal Updated 

First of all this is a long term view of the market and requires patience to deliver ! Currently we are facing a situation that war with Russia is escalating and this weighs heavy on EUR index. Britain used to be a part of Europe but BREXIT made it clear they want to stay out of it for now but this will not disconnect them from consequences of war effects in...

THE-real-Deal Updated 

EURO zone has been struggling with financial situation after the world financial crisis but currently its moving towards another crisis gifted BY RUSSIA ! GDP readings are not doing well and they are talking of rate cuts but we all know effects of war will not allow inflation to decrease unless we see real signs of peace with RUSSIA. IF world inflation insists and...

THE-real-Deal Updated 

Last time USD JPY touched 150 before 2022 was 1998 and in 2024 we are back at it! This is very much backed up by BOJ keeping Interest rate at sub zero level ( negative ) and forcing inflation in JAPAN due to heavy deflation caused by wrong BOJ policy before. BOJ was talking about if wages grow and inflation comes from demand not hiking price energy, they will...

THE-real-Deal Updated 

IF we all recall the FED session right before 2024 and how they hinted market on upcoming low inflation in 2024 and just less than 24 hours RUSSIA replied with attack on UKRAINE in big scale . this event took place at the same time that DXY was visiting 100 followed by FED interview. Against all odds DXY got heavily supported and HIKED again ! AT the time market...

THE-real-Deal Updated 

GBP JPY closing the gap with 190. breaking 190 will result in a hike. BOJ is expected to normalize policy by MARCH or APRIL but most likely APRIL. in that case there is a 5 to 6 weeks time window to hike. the real targe is 200. 14th of FEB GBP GREEN CPI could strengthen THE GBP INDEX. For now JPY index is visiting very important bottoms while USD JPY broke her...

THE-real-Deal Updated 

EUR USD Failing to claim 1.1! very important for EUR USD to claim 1.1 to be able to run bullish. failing to do so will result in a fall. political and economic market data does not support such movement yet. New cpi readings on DXY was a game changer. Long run first TP 1.075

THE-real-Deal Updated 

As demonstrated in the chart , the BREXIT event made a technical low and this low was made base support for many moves later on sitting at 1.28. late 2023 GBP USD tried attacking the level but failed to capture it and starting 2024 there is resistance sitting at that level not allowing price to hike. the pressure has made GBP USD turning down technically. now the...

THE-real-Deal Updated 

Pattern wise GBP USD is turning towards its 1.22 support level . 1.25 proved to be a stiff support but touching it twice and not being able to hike back to top is showing big resistance in the middle of the channel. breaking 1.25 will result in a big drop. for now GBP USD seeking support at 1.25 level. closing strong above the descending trend could strengthen the pair.

THE-real-Deal Updated 

GBP AUD has been trading a range since SEP 2023. it attempted to break below 1.89 and failed same as attempting to break above 1.94. as neutral as it is we will most likely visit the bottom end of the range at 1.89 level before the price makes a decision.

THE-real-Deal Updated 

Last week we expected EUR USD to continue falling from 1.0735 level but as stiff as it is .. EUR USD keep visiting top inner channel resistance levels before falling and it managed to crawl back to near 1.08 area. the real resistance force should be sitting at 1.08-1.0835 area . in the following week if EUR USD manages to make a come back to that area a short...

THE-real-Deal Updated 

Surprisingly USD JPY managed to reclaim its very important 145 Level!!!!!. previously market expecting FEDS to cut rates in 2024 but new cpi readings takes every thing away ! USD JPY turning bullish earlier than expected. First TP 147.5 Long run first TP 150

THE-real-Deal Updated 

EUR JPY managed to break 160 and this is considered bullish. falling down on 161 level for now. support line as it is it could push EUR JPY back to 162 TP 162

THE-real-Deal Updated 

Last post we had on USD JPY was signaling a big hike towards 152 in 4 hour time format but price corrected it self again to 150 level. price action showing strong movement towards 152 level but since the great force behind the hike could not manage to bring 152 back to live it can revisit 149 level to regain bull energy as they say in market. bearish activity...

THE-real-Deal Updated 

US DOLLAR keeps hiking amid fed rate cut alerts due to inflation gifted by war in general in different places on earth. Looking at price action and dollar is warming up for the jump. the only way to reverse this is for inflation to stop hiking and dollar will face south again. prediction of this matter is quite tough and best policy is to keep going with the...

THE-real-Deal Updated 

USD JPY failed to test 137.5 support after 2023 and entering 2024 it quickly came back to test its resistance at 152. this shows things have changed from what we were expecting in 2023 and its changing quickly. will 152 break? price is moving quickly towards it and we might see small draw backs but good readings on US economic data just fueled the movement....

THE-real-Deal Updated 

Before starting 2024 market was on a brief expectation of JXY coming back to life and JPY pairs were trading south but things changed entering 2024. GBP JPY showing way more bullish activity than expected above 187.5 area. continuing to get supported and this will result in a hike. final destination is set to be 220 but there are many inner channel resistance...

THE-real-Deal Updated 

EUR JPY Visiting a support line that frist created in FEB 1984 but soon turned into resistance and now we are back at it again in 2024. ECB is trying to hint market on late rate cut but the key factor is the JXY movement. price action showing a break of 161 level. solid break above this level will result in a hike towards 174 area. there will be many inner channel...

THE-real-Deal Updated 

just now Today JXY index dropped hard so GBP JPY can close the gap with 190. we could see a break of this level towards 191 in ASIAN session . if it retraces from 190 level the lows would be 189.5-189.75 to long. other wise a break of 190 is a straight go. TP 191