USDJPY – Dollar Yen Awaits Economic Data; More Losses Eyed?

Key Highlights The US Dollar suffered losses recently, as it traded below the 104.00 support against the Japanese yen. There were two trend lines break noted on the 4-hours chart of USDJPY, which ignited a downside move towards 103.00. The US Initial Jobless Claims will be released by the US Department of Labor and forecasted to remain at 258K. The US ISM Non-Manu...
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AUDJPY – Can Aussie Dollar Overcome The 80.00 Resistance?

AUDJPY – Can Aussie Dollar Overcome The 80.00 Resistance? Key Highlights The Aussie dollar is currently trading in range against the Japanese yen, and facing monster resistance near 80.00. The hourly chart of the AUDJPY pair clearly shows how important is the 80.00 resistance. A break and close above the stated resistance may call for more gains in the near term. ...
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EURJPY – Euro’s Bear Run Has Come To End Vs Japanese Yen?

EURJPY – Euro’s Bear Run Has Come To End Vs Japanese Yen? Key Highlights The Euro surged higher recently after trading as low as 112.61 against the Japanese yen. The EURJPY pair traded with a positive bias this week, and broke a major bearish trend line on the 4-hours chart at 113.50. Today, the Japanese National Consumer Price Index released by the Statistics B...
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USDJPY – US Dollar Poised For Further Gains Vs Japanese Yen

USDJPY – US Dollar Poised For Further Gains Vs Japanese Yen Key Highlights The US dollar remained in an uptrend against the Japanese yen, as it moved above 104.00. There was a descending channel pattern formed on the 4-hours chart of USDJPY, which was broken to clear the 104.00 resistance. Today, the Consumer Confidence will be released by the Conference Board, wh...
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EURUSD – Euro Might Decline Further Vs USD

EURUSD – Euro Might Decline Further Vs USD Key Highlights The Euro faced a lot of selling pressure lately against the US Dollar, moving below the 1.0900 support area. There is a minor bearish trend line formed on the hourly chart of EURUSD, which may act as a resistance near 1.0880. Today, the Euro Zone Manufacturing Purchasing Managers Index (PMI) will released b...
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AUDJPY – Buy Aussie Dollar Vs Japanese Yen Post Employment Report?

AUDJPY – Buy Aussie Dollar Vs Japanese Yen Post Employment Report? Key Highlights The Aussie dollar after trading as high as 80.02 against the Japanese yen started correcting lower. There is a crucial bullish trend line formed on the 4-hours chart of AUDJPY, which may act as a support around 78.80. Today, the Australian Employment Change released by the Australian...
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GBPJPY – British Pound Looking For Momentum Vs Yen

GBPJPY – British Pound Looking For Momentum Vs Yen Key Highlights The British Pound gained traction near 126.00 against the Japanese yen, and traded higher. There was a major triangle pattern on the 4-hours chart of GBPJPY, which is broken to clear the way for more upsides. Today, the UK Claimant Change figure will be released by the National Statistics, which is ...
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EURJPY – Japanese Yen Remains in the Driver’s Seat Vs Euro

EURJPY – Japanese Yen Remains in the Driver's Seat Vs Euro Key Highlights The Euro declined recently below 115.00 versus the Japanese yen and remained in a downtrend. There are a couple of bearish trend lines formed on the hourly chart of EURJPY, which may act as a resistance if the pair corrects higher. The Japanese Domestic Corporate Goods Price Index released b...
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USDJPY – Can US Dollar Continue Uptrend Vs Japanese Yen?

USDJPY – Can US Dollar Continue Uptrend Vs Japanese Yen? Key Highlights The US Dollar traded above the 103.00 handle against the Japanese yen, and broke a major resistance. There was a crucial bearish trend line formed on the daily chart of the USDJPY pair, which was cleared by the Dollar bulls. Today in Japan, the Machinery New orders, released by the Cabinet Off...
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GBPJPY – British Pound May Continue To Bleed Vs Yen and Dollar

GBPJPY – British Pound May Continue To Bleed Vs Yen and Dollar Key Highlights The British Pound declined heavily recently not only against the US dollar, but faced sellers against the Japanese yen as well. There are two bearish trend lines formed on the 4-hours chart of the GBPJPY pair, which may act as a resistance in the short term. The GBPUSD pair also remains ...
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