EUR/JPY: Is This Upside Break in Euro to Yen?

Key Highlights The Euro started a nice upside move from the 130.50 swing low against the Japanese Yen. There was a break above a crucial contracting triangle with resistance at 131.60 on the 4-hours chart of EUR/JPY. The pair could gain traction if it continues to find support near 131.50. Today, the German CPI figures for Feb 2018 will be released, which is expec...
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USD/JPY Facing Uphill Task Ahead of US NFP

Key Highlights The US Dollar found support near 105.30 and recovered against the Japanese Yen. There is a monster bearish trend line forming with resistance at 107.10 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending March 3, 2018 posted a rise from 210K to 231K. Today, the US nonfarm payrolls figure for Feb 2018 will be released, ...
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USD/JPY Likely to Extend Declines Below 106.00

Key Highlights The US Dollar recovered slightly this week against the Japanese Yen, but upsides were capped by 107.60. There is a major resistance zone forming near 107.60 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims figure for the week ending Feb 24, 2018 posted a decline from the last revised reading of 220K to 210K. Tokyo’s Consumer Price In...
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USD/JPY is Facing Tough Challenge on Upside

Key Highlights The US Dollar recovered recently, but it failed to move above the 107.90 resistance against the Japanese Yen. There is a major bearish trend line forming with current resistance at 107.40 on the 4-hours chart of USD/JPY. The pair is under bearish pressure and it may perhaps retest the 106.00 support. The US Initial Jobless Claims for the week ending...
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EUR/JPY Decline Looks Real, Can 131.50 Hold Losses?

Key Highlights The Euro traded lower recently and declined below 133.00 against the Japanese Yen. There is a significant declining channel forming with resistance at 132.60 on the 4-hours chart of EUR/JPY. The Euro Area Construction Output increased 0.1% (seasonally adjusted) in Dec 2017, better than the forecast of -0.7% (MoM). Today, the German PPI report for Ja...
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USD/JPY Remains In Major Downtrend

Key Highlights The US Dollar declined heavily this week and moved below the 108.20 support against the Japanese Yen. There are two bearish trend lines forming with resistance at 107.40 and 108.10 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 10, 2018 rose from the last revised reading of 223K to 230K. The US Industrial Prod...
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USD/JPY Struggle to Break 110.00-110.40 Continues

Key Highlights The US Dollar struggled a lot recently to break an important resistance near 110.00-110.40 against the Japanese Yen. There is a crucial bearish trend line in place with resistance at 109.95 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 3rd, 2018 declined from 230K to 221K. China’s CPI increased 1.5% in Jan ...
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USD/JPY Faces an Uphill Task, Focus Turns to US NFP

Key Highlights The US Dollar found support after trading as low as 108.28 against the Japanese Yen. There is a major bearish trend line forming with resistance at 110.30 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 27, 2018 declined from 231K to 230K. Today’s US NFP release could impact USD/JPY and the next move in the n...
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USD/JPY Nosedives, Breaks Key Support Ahead of US GDP

Key Highlights The US Dollar was under a lot of pressure recently and it declined below the 110.00 support against the Japanese Yen. There is a major bearish trend line forming with current resistance at 110.60 on the 4-hours chart of USD/JPY. On the downside, the next supports are at 108.50 and 108.00. The US Initial Jobless Claims for the week ending Jan 20th 20...
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USD/JPY Showing Positive Recovery Signs

Key Highlights The US Dollar found support after trading as low as 110.19 against the Japanese Yen. There was a break above a short-term bearish trend line with resistance at 111.15 on the 4-hours chart of USD/JPY. The pair faces many resistances on the upside at 111.80 and 112.00. The US Building Permits in Dec 2017 declined by 0.1%, less than the forecast of -1....
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