GBP/JPY Could Gain Further, BOE’s Rate Decision Next

Key Highlights The British Pound found support near 147.00 and recovered sharply against the Japanese Yen. There was a break above a key bearish trend line with resistance at 148.20 on the 4-hour chart of GBP/JPY. Japan’s Current Account posted a trade surplus of ¥3,122.3B in March 2018, compared with the ¥3,009.2B forecast. Today, the BOE Interest Rate Decisi...
Read More

USD/JPY Downsides Remain Supported Ahead of NFP

Key Highlights The US Dollar traded as high as 110.02 before starting a downside correction against the Japanese Yen. There are two bullish trend lines forming with support at 109.00 and 108.50 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending April 28, 2018 increased from 209K to 211K. Today, the US NFP figure for April 2018 will ...
Read More

USD/JPY Back in Uptrend Above 108.00

Key Highlights The US Dollar traded higher recently and broke a key resistance at 107.80 against the Japanese Yen. There is a major bullish trend line formed with support at 108.70 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims in the week ending April 21, 2018 declined from 233K (revised) to 209K. Tokyo CPI in April 2018 posted a 0.5% rise (YoY), ...
Read More

EUR/JPY Downsides Remain Supported Above 132.60

Key Highlights The Euro remains in a crucial uptrend and is positioned well above 132.00 against the Japanese Yen. There is an important bullish trend line formed with support at 132.60 on the 4-hours chart of EUR/JPY. The pair may correct in the short term, but it remains supported around 132.75 and 132.60. Today, the ECB interest rate decision is lined up, and t...
Read More

USD/JPY Trading Above Crucial Support at 107.00

Key Highlights The US Dollar is trading in a bullish zone above the 107.00 support against the Japanese Yen. There are two important bullish trend lines forming with support at 107.00-10 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending April 14, 2018 declined from 233K to 232K. Japan’s National CPI in March 2018 (YoY) increased ...
Read More

USD/JPY Looks Set to Trade Higher

Key Highlights The US Dollar formed a major support at 104.60 and recovered nicely against the Japanese Yen. There was a break above a significant bearish trend line with resistance at 106.35 on the daily chart of USD/JPY. The US Initial Jobless Claims in the week ending April 7th, 2018 declined from 242K to 233K. Today, the Michigan Consumer Sentiment Index for A...
Read More

EUR/JPY: Downsides Remain Limited Below 131.50

Key Highlights The Euro is trading in a positive zone above the 131.50 pivot level against the Japanese Yen. There is a crucial bullish trend line forming with support at 131.60 on the 4-hours chart of EUR/JPY. The US Consumer Price Index in March 2018 increased 2.4% (YoY), more than the last +2.2%. Today, the ECB Monetary Policy Meeting Account will be released, ...
Read More

USD/JPY Poised for Further Gains, NFP Next

Key Highlights The US Dollar made a nice upside move and traded above the 106.50 resistance against the Japanese Yen. There was a break above a crucial bearish trend line with resistance at 106.70 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending March 31, 2018 increased from 218K (revised) to 242K. Today, the US Nonfarm Payrolls r...
Read More

Can GBP/JPY Hold This Crucial Support?

Key Highlights The British Pound corrected lower from 150.58 but it found support near 148.80 against the Japanese Yen. There is a significant ascending channel forming with support near 148.80 on the 4-hours chart of GBP/JPY. The pair remains in an uptrend as long as it is above the 148.80 support. Today, the UK Manufacturing PMI for March 2018 will be released, ...
Read More

USD/JPY Upsides Remain Capped Near 106.50

Key Highlights The US Dollar remains in a major bearish trend below 107.50 against the Japanese Yen. There is a key bearish trend line forming with current resistance at 106.50 on the daily chart of USD/JPY. The pair has to move above 106.50 and then 107.50 to move back in a bullish zone. Tokyo’s Consumer Price Index in March 2018 (YoY) increased 1.0%, compared ...
Read More

«...1011...20...»