EUR/JPY Testing Crucial Support Near 126.30

Key Highlights The Euro climbed towards 127.50 before starting a downside correction against the Japanese Yen. A key bullish trend line is in place with support at 126.30 on the 4-hours chart of EUR/JPY. The Euro Area Retail Sales increased 1.3% (MoM) in Jan 2019, better than the +1.2% forecast. The US ADP Employment figure for Feb 2019 will be released today, whi...
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USD/JPY Remains In Uptrend Above 110.20

Key Highlights The US Dollar traded higher recently and broke the 110.80 resistance against the Japanese Yen. There is a strong support and bullish trend line formed near 110.20 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 17, 2019 declined from 239K to 216K. The Euro Zone CPI for Jan 2019 will be released today, which cou...
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