New Week Starts With Bearish Stocks and Bullish Yen

DAX and CAC start the new week on the back foot

Nasdaq drops below 23,6% Fibonacci and uses it as a resistance

SP500 is in a slightly better position and buyers are still above crucial supports

EURUSD consolidates below dynamic resistance

GBPUSD bounces from the important horizontal resistance

USDJPY continues heavy drop after the bearish breakout from the triangle

EURJPY bounces from the neckline of a very handsome H&S pattern

CHFJPY also has a H&S pattern but the price is currently above crucial support so a further drop is not so certain

GBPJPY breaks long-term dynamic support which changes the sentiment into a negative one

For a look at all of today’s economic events, check out our economic calendar.