GBP/JPY Remains Supported On Dips Near 145.60

Key Highlights The British Pound traded higher recently and tested 147.00 against the Japanese Yen.GBP/JPY surpassed two key bearish trend lines near 145.90 on the 4-hours chart.The UK Claimant Count in March 2019 changed 28.3K, more than the 20.0K forecast.The UK Consumer Price Index in March 2019 (YoY) could increase 2.0%. GBPJPY Technical Analysis The British Pound...
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USD/JPY Testing Crucial Resistance Near 112.00

Key Highlights The US Dollar corrected lower this week and recently rebounded above 111.50 against the Japanese Yen.A major bullish trend line is formed with support at 111.10 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending April 06, 2019 declined to 196K.The Michigan Consumer Sentiment Index in April 2019 (Prelim) might drop from 98.4 to 9...
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Can USD/JPY Surpass The Key 112.00 Resistance?

Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen.USD/JPY broke a major bearish trend line at 111.15 on the 4-hours chart.The US Initial Jobless Claims for the week ending March 30, 2019 declined to 202K from 212K.The US Nonfarm Payrolls in March 2019 could rise from 20K to 180K. USDJPY Technical Analysis After formin...
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USD/JPY Could Struggle Near 111.00 Resistance

Key Highlights The US Dollar found support near 109.70 and recently rebounded higher against the Japanese Yen. A crucial resistance is formed near the 111.00 zone on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending March 23, 2019 declined from 216K to 211K. The US Personal Income for Feb 2019 is likely to increase 0.3% (MoM). USDJ...
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USD/JPY Could Correct Lower In Medium Term

Key Highlights The US Dollar found a strong resistance above 112.00 and recently declined against the Japanese Yen. Two important bearish trend lines are in place near 111.60 and 112.50 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending March 16, 2019 declined from 230K to 221K. The US Manufacturing PMI for March 2019 (Preliminary) co...
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USD/JPY Remains Well Supported On Dips

Key Highlights The US Dollar found support near 110.75 and rebounded against the Japanese Yen. A major bullish trend line is formed with support at 111.15 on the 4-hour chart of USD/JPY. The US Initial Jobless Claims for the week ending March 19, 2019 increased from 223K o 229K. The US Industrial Production report for Feb 2019 will be released today, which may ris...
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Downsides In USD/JPY Remains Supported

Key Highlights The US Dollar climbed higher recently above the 112.00 level against the Japanese Yen. There is a strong support formed near the 111.20 level on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 26, 2019 declined from 226K to 223K. The US nonfarm payrolls for Feb 2019 will be released today, which could post 180K, d...
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USD/JPY In Significant Uptrend Above 111.00

Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen. There is a crucial bullish trend line in place with support at 110.60 on the 4-hours chart of USD/JPY. The US GDP in Q4 2019 grew 2.6% (Prelim), better than the forecast 2.3% forecast. The US ISM Manufacturing Index for Feb 2019 will be released today, which could...
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USD/JPY Correction Approaching Crucial Support

Key Highlights The US Dollar failed to stay above 111.00 and declined sharply against the Japanese Yen. There is a connecting bullish trend line formed with support at 110.30 on the 4-hours chart of USD/JPY. The US Retail Sales in Jan 2019 declined 1.2% (MoM), whereas the forecast was +0.2%. The US Industrial Production for Jan 2019 will be released today, which c...
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USD/JPY Hesitates, But Further Gains Likely

Key Highlights The US Dollar climbed higher recently, but it failed near the 110.15 resistance against the Japanese Yen. Earlier, there was a break above a bearish trend line at 109.60 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 02, 2019 declined from 253K to 234K. Canada’s Employment Figure for Jan 2019 will be release...
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