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HUFJPY Approaching 61.8% Fibo Resistance

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BulletEM BulletEmerging Markets
  • EURHUF ticks lower this morning after finding resistance slightly above the 390 level; ST support to watch on the downside stands at 384.60. On the topside, key resistance to watch remains at 400, which corresponds to the pair’s all-time high.
  • USDHUF has been retracing lower this week after reaching an all-time high at 377.10. ST support to watch on the downside stands at 367.80, followed by 360.
  • GBPHUF has been trending higher in the past week after finding support slightly above its 100DMA last week; ST resistance to watch on the topside stands at 463.40, followed by 468.60. On the downside, support to watch stands at 450.
  • CZKHUF has been consolidating lower this morning after finding resistance at 15.82, which corresponds to the pair’s all time high. ST key support to watch on the downside stands at 15.50.
  • PLNHUF has been consolidating lower after finding resistance at 84.37 yesterday (pair’s all time high). ST support to watch on the downside stands at 83, followed by 82.
  • HUFJPY ticks higher this morning after finding support slightly below the 34.44 level, which corresponds to the 50% retracement of the 31.2580 – 37.63 range . ST resistance to watch on the topside stands at 35.20 (61.8% Fibo). On the downside, support to watch below 34.44 stands at 34. (scale * 100, chart below).

Source: Bloomberg/MNI

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  • EURHUF ticks lower this morning after finding resistance slightly above the 390 level; ST support to watch on the downside stands at 384.60. On the topside, key resistance to watch remains at 400, which corresponds to the pair’s all-time high.
  • USDHUF has been retracing lower this week after reaching an all-time high at 377.10. ST support to watch on the downside stands at 367.80, followed by 360.
  • GBPHUF has been trending higher in the past week after finding support slightly above its 100DMA last week; ST resistance to watch on the topside stands at 463.40, followed by 468.60. On the downside, support to watch stands at 450.
  • CZKHUF has been consolidating lower this morning after finding resistance at 15.82, which corresponds to the pair’s all time high. ST key support to watch on the downside stands at 15.50.
  • PLNHUF has been consolidating lower after finding resistance at 84.37 yesterday (pair’s all time high). ST support to watch on the downside stands at 83, followed by 82.
  • HUFJPY ticks higher this morning after finding support slightly below the 34.44 level, which corresponds to the 50% retracement of the 31.2580 – 37.63 range . ST resistance to watch on the topside stands at 35.20 (61.8% Fibo). On the downside, support to watch below 34.44 stands at 34. (scale * 100, chart below).

Source: Bloomberg/MNI