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FxWirePro: ETH/USD trades in narrow range, bias neutral

ETH/USD is trading in a narrow range on Thursday between 46 and 49 levels it is currently trading at 48 levels at press time (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 46.84

Kijun-Sen: 47.99

The pair is facing strong resistance at 50.00 and only a close above would see further bullishness, targeting 51.90 (March 17 high)/54.97 (March 30 high).

Momentum studies appear neutral and traders are preferred to wait for a confirmed signal on daily charts.

Support is seen at 46.55 (20-DMA) and a close below would drag it to 43.32 (23.6% retracement of 15.56 and 51.90)/41 (23.6% retracement of 5.92 and 51.90 rally).

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June 28 15:30 UTC Released

BRForeign Exchange Flows*

Actual

-5.279 bln

Forecast

Previous

-3.401 bln

June 28 14:30 UTC Released

BRBank Lending MM*

Actual

-0.2 %

Forecast

Previous

-0.2 %

June 28 19:00 UTC 191191m

ARBank Lending MM*

Actual

Forecast

1.9 %

Previous

0.8 %

June 28 21:00 UTC 311311m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

82 bln

June 28 23:50 UTC 481481m

JPForeign Bond Investment

Actual

Forecast

2.6 bln JPY

Previous

3.2 bln JPY

June 28 23:50 UTC 481481m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

June 28 23:50 UTC 481481m

JPForeign Invest JP Stock

Actual

Forecast

Previous

-331.6 bln JPY

June 28 23:50 UTC 481481m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

June 28 23:50 UTC 481481m

DERetail Sales YY

Actual

Forecast

2.6 %

Previous

3.2 %

June 28 23:50 UTC 481481m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

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