The Yen rose on Monday across the board and recovered part of last week losses. USD/JPY failed to break above Friday’s highs. The pair weakened and fell, reaching for a moment levels below 97.00 posting an intra-day low at 96.90. Form there Greenback started to rise but found resistance at 97.25.
“It is not yet clear [...]
You go short NZD/USD; cable falls 600 pips, EUR/USD falls 300 and the Kiwi goes up 100. That’s a talent in itself, picking such an excellent cross trade. Enough self-pity. I heard yesterday of some decent sized stops below 1.4080 in the EUR/USD so that will be the first level to watch this morning.
Below 1.4000 and [...]
EUR/USD
It is more likely to go down to lower than 1.4150 or even 1.4050, and after that, it might have potentially to go up to around 1.4250.
(Current Price: 1.4182)
GBP/USD
It is more likely to go down to around 1.66, and after that, it might have potentially to go up to around 1.6750.
(Current Price: 1.6686)
AUD/USD
It is more [...]
USD/JPY reached 97.50 level, short term descendant trend line clear in 1 hour charts, coming from past Friday’s 97.78 high. Moving inside a triangle with base at 97.00, hourly indicators have turned to the upside suggesting further upside bias once above mentioned level. Current candle open above 20 SMA support the bias along with momentum [...]
The Yen is rising across the board. In the last hour USD/JPY fell below 97.00, posting a fresh intra-day low at 96.90. Currently the Dollar is attempting to regain levels above 97.00 and is 0.70% below today’s opening price. After the opening bell at Wall Street the pair failed to break above 97.50 and weakened.
prince [...]
The Dollar’s rally capped at 95.80 and rejected to levels below 95.50 against the Yen, has bounced at 95.40, rising to trade close to 95.70. Currently the pair is trading around 95.55/65, 0.85% above today’s opening price action.
Since the beginning of the Asian session, USD/JPY has risen 100 pips from 94.80 to the intra-day high [...]
USD/JPY remains struggling around 95.60 area also a descendant trend line clear in 4 hours charts, coming from 95.88 highs. Indicators in the same time frame support some upside continuation thus 95.60/95.90 continues to be the area to overcome to see the pair extend the rally.
Next resistance comes at 96.35, roof of a daily descendant [...]
The Yen is moving sideways across the board in a small trading range. USD/JPY is stable below 95.00 moving in a range with support at 94.85 and resistance at 95.00. On Wednesday the pair failed to confirm prices below 94.60. In case the pair drops below that level the Yen could gain momentum.
GBP/JPY is steady [...]
Not much going on this morning which suggests that there are no orders close by, especially of the stop-loss variety. A mixed bag in USD/JPY with strong buying interest starting at 94.25 down to 93.75 but this is mixed in with a lot of stops so dealers favour a move lower first, if indeed any [...]
The Dollar weakness continues across the board. USD/JPY fell sharply to 94.60 reaching a fresh intra-day low. Current price at 94.77/80 is 0.45% below today’s opening price. Greenback failed in the previous sessions to break above 95.40 and lost strength. The pair has lost more than 50 pips since the beginning of the American session.
The [...]
