EURJPY – Is This The Push Euro Needed Vs Japanese Yen?

Key Highlights The Euro made a nice upside move against the Japanese yen recently and broke the 119.80 resistance. The EURJPY pair also broke a couple of bearish trend lines near 119.80 and 120.00 on the 4-hours chart. In Japan, the National Consumer Price Index for Jan 2017 (YoY) released by the Statistics Bureau posted a rise of 0.4%, same as the forecast. The J...
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EURJPY – Key Factors Suggest Euro Is In Bullish Trend

EURJPY - Key Factors Suggest Euro Is In Bullish Trend Key Highlights The Euro traded above 114.80 versus the Japanese yen, and currently looks set for more gains. There was a short-term bearish trend line formed on the hourly chart of the EURJPY pair, which was broken during the upside. Today, the Euro Zone PMI service reading will be released by the Markit Economic...
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EURUSD – Another Leg Lower Underway In Euro

EURUSD – Another Leg Lower Underway In Euro Key Highlights The Euro remained under pressure this past week versus the US Dollar and looks poised for more losses. The EURUSD pair failed near a bearish trend line formed on the 4-hours chart. Today in the Euro Zone, the PMI service report will be released by the Markit Economics. The forecast is slated for a no ch...
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EURJPY – Euro Continues To Tumble Versus Japanese Yen

EURJPY – Euro Continues To Tumble Versus Japanese Yen Key Highlights The Euro traded down against the Japanese yen and looks set for more losses in the near term. There was a contracting triangle pattern formed on the hourly chart of the EURJPY pair, which was broken to clear the way for more declines. In the Euro Zone, the PMI service will be released by the Mar...
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EURJPY Facing Monster Resistance Near 100 SMA

EURJPY Facing Monster Resistance Near 100 SMA Key Highlights             Euro after weakening against the Japanese Yen found support near 123.00 and traded higher. There were a couple of support trend lines formed on the hourly chart of the EURJPY pair, which acted as a barrier for more losses. Today, the Euro Zone PMI service will be released by the Marki...
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GBPJPY – Can Pound Continue Higher?

GBPJPY – Can Pound Continue Higher? Key Highlights             British Pound showed some signs of life and corrected higher against the Japanese Yen. The GBPJPY pair is currently trading near a bearish trend line on the hourly chart, which may play a crucial role moving ahead. Today, the UK Retail Sales will be released by the National Statistics, which ...
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