Technical Analysis

UK FTSE down 1% The major European indices are ending the week with mixed results. German DAX, -0.4% France’s CAC, -0.2% UK’s FTSE, -1.0% Spain’s Ibex, +0.3% Italy’s FTSE MIB, +0.15% Portugal’s PSI 20, +0.18% For the week, the indices are ending higher (some marginally). The Italian FTSE MIB has the largest gain. German DAX,
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100 hour MA and trend line risk levels now The USDJPY has pushed to new highs and in the process has reached the swing area target at 113.649-699.  Earlier this week, the price did move above that level, only to move back below and reestablish the level as resistance (see red circle 8) after more
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