EUR/JPY – Euro Eyeing Upside Break Vs Japanese Yen?

Key Highlights The Euro continues to trade above a major support area at 131.75 against the Japanese Yen. There are two important bearish trend lines forming with resistance at 132.60-80 on the 4-hours chart of EUR/JPY. Japan’s New Machinery Orders rose 3.4% in August 2017 (MoM), compared with the forecast +1.1%. Today in the US, the FOMC meeting minutes will be...
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EUR/JPY – Euro Forming Major Top At 131.40 Vs Japanese Yen

Key Highlights The Euro is carving a major top near 131.40 against the Japanese Yen. There was a break below two important bullish trend lines at 130.50 on the daily chart of EUR/JPY. Japan’s Machinery New orders in June 2017 declined by 1.9% (MoM) compared with the +3.7% forecast. The US Initial Jobless Claims for the week ending Aug 5 2017 will be released tod...
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USDJPY – Can US Dollar Continue Uptrend Vs Japanese Yen?

USDJPY – Can US Dollar Continue Uptrend Vs Japanese Yen? Key Highlights The US Dollar traded above the 103.00 handle against the Japanese yen, and broke a major resistance. There was a crucial bearish trend line formed on the daily chart of the USDJPY pair, which was cleared by the Dollar bulls. Today in Japan, the Machinery New orders, released by the Cabinet Off...
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GBPJPY – Brexit Fears To Keep Pound Under Pressure

GBPJPY – Brexit Fears To Keep Pound Under Pressure Key Highlights British Pound after a minor recovery against the Japanese yen traded down and remained under a bearish pressure. Brexit fears are in play for the British Pound, which may continue to impact the market sentiment. There was a bullish trend line break noted on the hourly chart of the GBPJPY pair. In...
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USDJPY Stuck In Crucial Range, What’s Possible?

USDJPY Stuck In Crucial Range, What’s Possible? Key Highlights             US Dollar traded higher yesterday against the Japanese Yen, but found sellers later on. There is a bullish trend line formed on the hourly chart, which is currently acting as a hurdle for sellers and protecting a break. In the US, the total Net TIC Flows released by the US Departm...
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