Michael Boutros(@MBForex) 's Twitter Profileg
Michael Boutros

@MBForex

Trader/Technical Strategist
Host of the Weekly Strategy Outlook for over 10years

ID:136386053

linkhttps://www.forex.com/en-us/news-and-analysis/forex-com-analysts/michael-boutros/ calendar_today23-04-2010 20:12:26

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Apologies everyone- need to cancel today's webinar.

I'll publish some updates throughout the week

Next Webinar: Monday June 13th
register.gotowebinar.com/register/71580…
Streaming only on YouTube- youtube.com/watch?v=qGlvQ2…

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$USDJPY into key support pivot noted yesterday at 151.94-152.59 post-

Levels Unchanged- Watch the close today. . .

120min Chart

$USDJPY into key support pivot noted yesterday at 151.94-152.59 post-#NFP Levels Unchanged- Watch the close today. . . #USDJPY 120min Chart
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today:

Things not progressing as fast as we thought with inflation but look how far we've come!

Stagflation??? Check yourself. . .

Labor market would have to weaken meaningfully to cut. . .

We'll get to 2% - Full stop. . .

Markets pricing in 25bps cut this year

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straddling the median-line ahead of

Break / close below 5005 would be needed to mark downtrend resumption towards 4952. .

Initial resistance at the highlighted confluence zone (near ~5075) backed by 5150- breach / close above needed to mark reversal

500 240min

#SPX straddling the median-line ahead of #FOMC Break / close below 5005 would be needed to mark downtrend resumption towards 4952. . Initial resistance at the highlighted confluence zone (near ~5075) backed by 5150- breach / close above needed to mark reversal #SPX500 240min
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testing a break of a major support pivot ahead of the at 79.75-80.31 - watch the close.

Broader bullish invalidation unchanged at 77.49/66

Monthly open resistance now at 81.55

$WTI Daily Chart

#Oil testing a break of a major support pivot ahead of the #Fed at 79.75-80.31 - watch the close. Broader bullish invalidation unchanged at 77.49/66 Monthly open resistance now at 81.55 $WTI Daily Chart
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Weekly Strategy Webinar starting in 15mins!!
Lots to discuss heading into /

GoTo Webinar Registration
register.gotowebinar.com/register/71580…

YouTube Streaming Only- youtube.com/watch?v=st2nPp…

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**Reminder: Weekly Strategy Webinar Tomorrow Morning at 8:30am EST! register.gotowebinar.com/register/71580…

Also Streaming (no chat) on YouTube -youtube.com/watch?v=st2nPp…

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A quick breakdown of that $EURUSD setup ahead of tomorrow's highly anticipated US data. . .
youtu.be/-dBrOFsovhc

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