USD/JPY Daily Chart & Bullish Scenario

Key Highlights USD/JPY is showing many bullish signs above 107.50 on the daily chart.A bullish breakout pattern is forming with resistance near 109.50.The US Initial Jobless Claims for the week ending Nov 02, 2019 declined from 219K to 211K.Michigan’s Consumer Sentiment Index could increase from 95.5 to 95.9 in Nov 2019 (Prelim). USD/JPY Technical Analysis The US Do...
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EUR/JPY Could Rally If It Breaks 121.50

Key Highlights EUR/JPY is trading in a positive zone above the 120.00 support.The pair is facing a strong resistance near 121.50 on the 4-hours chart.The Euro Zone Services PMI in Oct 2019 increased from 51.8 to 52.2.The BoE Interest Rate Decision is scheduled today (forecast – no change in rates from 0.75%). EUR/JPY Technical Analysis The Euro settled nicely above ...
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USD/JPY Showing Bearish Signs, US NFP Next

Key Highlights The US Dollar failed to stay above the 109.00 resistance and declined against the Japanese Yen.USD/JPY traded below a crucial bullish trend line with support near 108.80 on the 4-hours chart.The US Initial Jobless Claims for the week ending Oct 26, 2019 increased from 213K to 218K.The US nonfarm payrolls could increase 89K in Oct 2019, down from the last 136K...
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USD/JPY Holding Key Support Near 108.00

Key Highlights The US Dollar settled above the key 107.80 and 108.00 resistances against the Japanese Yen.USD/JPY is correcting gains, but it remains well supported near 108.00.EUR/USD and GBP/USD are showing positive signs above 1.1075 and 1.2800 respectively.The US Manufacturing PMI increased from 51.1 to 51.5 in Oct 2019 (Preliminary). USD/JPY Technical Analysis Th...
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USD/JPY Primed For More Upsides In Near Term

Key Highlights The US Dollar broke a crucial resistance near 108.40 against the Japanese Yen. USD/JPY remains well supported near 108.40 and 108.00.EUR/USD climbed higher sharply and broke the key 1.1060 resistance area.GBP/USD rallied significantly above 1.2950 before correcting lower. USD/JPY Technical Analysis In the past few days, there was a steady rise in USD/JP...
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USD/JPY Could Continue To Rise Towards 108.45

Key Highlights The US Dollar started a fresh increase from the 106.50 support against the Japanese Yen. A key ascending channel is forming with support near 107.35 on the 4-hours chart of USD/JPY.The US CPI in Sep 2019 was unchanged, whereas the forecast was +0.1% (MoM). The Michigan Consumer Sentiment Index could decline from 93.2 to 92.0 in Oct 2019 (Prelim). USD/JPY T...
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USD/JPY Could Extend Losses, US NFP Next

Key Highlights The US Dollar started a fresh decline from the 108.50 resistance against the Japanese Yen. USD/JPY traded below a bullish trend line with support near 107.45 on the 4-hours chart.The US ISM Non-Manufacturing Index declined sharply from 56.4 to 52.6 in Sep 2019.The US nonfarm payrolls could increase 145K in Sep 2019, better than the last 130K. USD/JPY Techn...
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USD/JPY Remains Supported On Dips

Key Highlights The US Dollar is trading nicely above the key support at 107.00 against the Japanese Yen. Earlier, USD/JPY traded below a major bullish trend line at 108.10 on the 4-hours chart.The US GDP grew 2% in Q2 2019, similar to the market forecast and the last reading.The US Personal Income could rise 0.4% in August 2019 (MoM), better than the last +0.1%. USD/JPY ...
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USD/JPY Surging And Likely To Continue Higher

Key Highlights The US Dollar is in a positive zone and recently climbed above 108.00 against the Japanese Yen. A crucial bullish trend line is forming with support near 107.25 on the 4-hours chart of USD/JPY.The US CPI increased 0.1% in August 2019 (MoM), less than the last 0.3%.The US Retail Sales might rise 0.2% in August 2019, less than the last +0.7%. USD/JPY Technic...
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USD/JPY Gaining Bullish Momentum, US NFP Report Next

Key Highlights The US Dollar gained momentum above the 106.80 resistance against the Japanese Yen. USD/JPY broke a crucial bearish trend line with resistance near 106.50 on the 4-hours chart.The US ISM Non-Manufacturing PMI increased from 53.7 to 56.4 in August 2019.The US nonfarm payrolls in August 2019 could increase 158K, less than the last 164K. USD/JPY Technical Ana...
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