In today’s market analysis, Bruce from Hola Prime breaks down the latest price action on the EUR/USD, S&P 500, and GBP/JPY.
EUR/USD: The 61.8% retracement is complete, with a bearish shooting star candlestick at resistance. Watching for potential short setups around 1.0820-1.0810.
S&P 500: The index has retraced 7.1% from its highs, testing the 200-day moving average. Looking for signs of reversal above 5,861 for a potential rally.
GBP/JPY: After breaking a trendline, GBP/JPY found resistance at the 50-day moving average. If the pullback holds, a move toward 193.69 could be in play.
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