GBP/JPY Could Extend Slides Below 147.00

Key Highlights The British Pound failed to break the 148.40 resistance and declined against the Japanese Yen. There is a major bearish trend line in place with resistance at 148.30 on the 4-hours chart of GBP/JPY. Japan’s Merchandise Trade Balance in Sep 2018 posted a surplus of ¥139.6B, better than the ¥-50.0B forecast. Today, the UK Retail Sales figure for S...
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EUR/JPY – Euro Might Correct Lower Vs Japanese Yen

Key Highlights The Euro surged higher this week and traded as high as 134.17 against the Japanese Yen. There is an important ascending channel forming with support at 133.65 on the 4-hours chart of EUR/JPY. Germany’s Producer Price Index in August 2017 rose 0.2% (MoM), more than the forecast of 0.1%. Japan’s Total Merchandise Trade Balance in August 2017 poste...
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USDJPY – US Dollar Remains In Downtrend Vs Japanese Yen

Key Highlights The US Dollar fell sharply during the past few days, and moved below the 114.00 support against the Japanese yen. The USDJPY pair also broke a bullish trend line with support at 113.10 on the 4-hours chart. Today, the Japanese Merchandise Trade Balance for Feb 2017 released by the Ministry of Finance posted a trade surplus of ¥813.4B. The Japanese ...
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EURUSD – Euro Remain at Risk of Further Declines

EURUSD – Euro Remain at Risk of Further Declines Key Highlights The Euro continued to face sellers against the US Dollar, as EURUSD declined below 1.0650. There was a crucial break noted for the EURUSD pair on the 4-hours chart, suggesting more losses. Today, the US will witness the release of the Chicago Fed National Activity Index (CFNAI). Earlier today, the ...
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EURJPY – Euro Trend Overwhelmingly Negative Vs Yen; Fed Next

EURJPY – Euro Trend Overwhelmingly Negative Vs Yen; Fed Next Key Highlights The Euro nosedived against the Japanese yen recently and formed a bearish trend. The EURJPY pair during the downside cleared a major bullish trend line on the 4-hours chart. Today, the Japanese Merchandise Trade Balance Total released by the Ministry of Finance posted a trade deficit of ¥...
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EURJPY – Breakdown Looks like the Real Deal Vs Japanese Yen

EURJPY - Breakdown Looks like the Real Deal Vs Japanese Yen Key Highlights Euro traded lower against the Japanese yen, and remained under a lot of selling pressure. There is a major bearish trend line formed on the 4-hours chart of the EURJPY pair, which is acting as a barrier for the Euro bulls. The Japanese Merchandise Trade Balance Total released by the Ministry ...
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EURUSD – Euro Remains Under Heavy Bearish Pressure

EURUSD – Euro Remains Under Heavy Bearish Pressure Key Highlights The Euro failed to correct higher this past week against the US Dollar, and traded below the 1.10 support area. There was a breakout pattern formed on the hourly chart of the EURUSD pair, which was broken during the recent downside move. Today in the Euro Zone, the German business sentiment index wi...
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EURUSD – Euro Opens With Gap Higher Vs US Dollar

EURUSD – Euro Opens With Gap Higher Vs US Dollar Key Highlights Euro and British Pound surged higher today against the US Dollar, as the latest polls suggest remain camp gaining bids. The EURUSD pair opened with a gap higher, and currently looks set for more gains in the near term. There was a bearish trend line break noted on the 4-hours chart of the EURUSD pair....
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EURUSD – Euro To Continue Moving Down Vs Dollar?

EURUSD – Euro To Continue Moving Down Vs Dollar? Key Highlights Euro moved down sharply this past week vs the US Dollar, and traded below the 1.1280 support area. There is now a bearish trend line formed on the 4-hours chart of the EURUSD pair, which may act as a barrier for the Euro buyers if EURUSD moves higher. Today in the Euro Zone, the Manufacturing Purchasi...
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EURJPY – Can Euro Continue To Gain Traction?

EURJPY – Can Euro Continue To Gain Traction? Key Highlights             Euro after tumbling below the 122.00 support area against the Japanese Yen recovered well. There was a bearish trend line formed on the 4-hours chart of EURJPY pair, which was broken during the recent upside move. German Economic Sentiment published by the ZEW recently posted an incr...
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