Forex Daily Forecast, Analysis and Prediction

The USD/JPY is continuing its upward rebound since crossing the barrier of the 106.00 resistance level seven months ago, settling around the 107.10 level as of this writing.

During yesterday's session, and for the fourth day in a row, the EUR/USD pair attempted to breach the psychological support level of 1.2000.

For four trading sessions in a row, the GBP/USD has stabilized in limited ranges between the 1.3858 support level and the 1.4026 resistance level, settling around 1.3950 as of this writing.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Wednesday to show signs of strength again.

The US dollar fluctuated during the trading session on Wednesday to show a bit of stabilization near the 1.26 handle.

The FTSE 100 rallied a bit during the trading session on Wednesday only to give up some of the gains and form a less-than-impressive candlestick.

The S&P 500 initially tried to rally during the trading session on Wednesday but gave back a significant amount of gains as we reached towards the 3900 level.

The NASDAQ 100 got absolutely crushed during the trading session on Wednesday again, as traders begin to worry about the job situation in the United States.

A quiet and indecisive Forex market.

Support above major round number at 1.2000.

The euro fluctuated during the trading session on Wednesday as we see the 50-day EMA now acting as a bit of a magnet.

The British pound rallied slightly during the trading session to reach towards 1.40 level before pulling back a bit and then bouncing again.

Gold markets have gotten hammered again during the trading session on Wednesday to reach down towards the $1700 level.

The Australian dollar pulled back just a bit during the trading session on Wednesday, showing a bit of hesitation after the bounce from the last couple of days.

The Bitcoin markets rallied significantly during the trading session on Wednesday to break above the $50,000 level.