The yen gained on US dollar selling, verbal intervention and hawkish BoJ rhetoric. However, the wide yield spread still supports the USDJPY uptrend.

Today is Thursday, October 15, and we’re going to talk about the British pound and its reaction to the inflation data that came out in the US yesterday. Let’s look at and discuss only the daily chart today.

The crypto market fell to a near one-month low amid inflation and a sell-off in risky assets. Bitcoin holds the 50-day MA, but ETF outflows and a USDT shortage heighten risks.

Verizon: ⬆️ Buy – Verizon reversed from strong support level 41.00 – Likely to rise to resistance level 45.00 Verizon recently reversed up from the strong support level 41.00, which previously stopped the ABC correction 2 at the start of.

Starbucks: ⬆️ Buy – Starbucks reversed from strong support level 86.00 – Likely to rise to resistance level 96.00 Starbucks recently reversed up from the support zone between the strong support level 86.00 (which stopped the previous ABC correction (2).

Silver: ⬇️ Sell – Silver broke key support level 60.00 – Likely to fall to support level 50.00 Silver recently broke the support zone between the key support level 60.00 (which has been reversing the price from the start of.

Filecoin: ⬇️ Sell – Filecoin reversed from strong resistance level 1.2500 – Likely to fall to support level 1.0000 Filecoin cryptocurrency recently reversed down from the resistance zone between the strong resistance level 1.2500 (which stopped wave ii in May),.

Falling Treasury yields are weighing on the dollar as the Fed resists further hikes. US CPI and equity-market moves will determine the USD’s next direction.

The crypto market stays cautious ahead of US inflation data. Bitcoin is steady at $83.4K, BAT leads after its rally, and the altseason index hit a new high for the year.

Ethereum: ⬆️ Buy – Ethereum reversed from pivotal support level 2400.00 – Likely to rise to resistance level 2600.00 Ethereum cryptocurrency recently reversed up from the support zone between the pivotal support level 2400.00 (which has been reversing the price.

Dogecoin: ⬆️ Buy – Dogecoin reversed from key support level 0.0800 – Likely to rise to resistance level 0.0875 Dogecoin cryptocurrency recently reversed up from the support zone between the key support level 0.0800 (which has been reversing the price.

Natural Gas: ⬆️ Buy – Natural Gas broke key resistance level 3.375 – Likely to rise to resistance level 3.600 Natural Gas recently broke above the key resistance level 3.375, which previously stopped wave 2 at the start of June.