EUR/JPY Could Continue to Climb Towards 129.00

Key Highlights The Euro made a nice upside move and traded above the 127.00 resistance against the Japanese Yen. There was a break above a key bearish trend line with resistance at 1.2670 on the 4-hours chart of EUR/JPY. The Nikkei Manufacturing PMI for August 2018 (Prelim) increased from 52.3 to 52.5. Today, the Euro Zone Manufacturing PMI for August 2018 (Prelim...
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USD/JPY – US Dollar in Major Downtrend Vs Japanese Yen

Key Highlights The US Dollar declined heavily this month and moved below 112.00 against the Japanese Yen. There are a few bearish trend lines with resistances as 111.65, 112.10 and 112.35 on the 4-hours chart of USD/JPY. Japan’s Nikkei Manufacturing PMI in Nov 2017 (Preliminary) posted a rise from 52.8 to 53.8. The US Manufacturing PMI for Nov 2017 (Preliminary)...
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EUR/USD – Euro to Retest 1.1700 Vs US Dollar?

Key Highlights The Euro tumbled this past week and broke the 1.1860 support against the US Dollar. There was a break below two important bullish trend lines with support near 1.1870 on the 4-hours chart of EUR/USD. Japan’s Nikkei Manufacturing PMI in September 2017 posted a rise from 52.6 to 52.9. Japan’s Tankan Large Manufacturing Index in Q3 2017 rose from 1...
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USD/JPY – Can US Dollar Break 111.80 Vs Japanese Yen?

Key Highlights The US Dollar is facing a major resistance near 111.70-80 against the Japanese Yen. Earlier this month, the USD/JPY pair broke a monster contracting triangle at 110.10 on the 4-hours chart. Today in Japan, the Nikkei Manufacturing PMI for June 2017 (Preliminary) was released, which came in at 52.0, down from the last 53.1. Today, the US number of Ne...
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USDJPY – US Dollar Recovery A Real Deal Vs Japanese Yen

Key Highlights The US Dollar declined below 109.00 this past week against the Japanese Yen before finding support. A recovery is underway, but the USDJPY pair is likely to face resistance near 109.50 and a bearish trend line on the 4-hour chart. Today in Japan, the Nikkei Manufacturing PMI for April 2017 (Preliminary) was released, which posted a rise from 52.4 to 52...
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EURJPY – Euro’s Weakness Is Here To Stay Vs Japanese Yen

Key Highlights The Euro made a downside move recently against the Japanese yen, and traded below the 121.00 support level. The EURJPY pair also broke two bullish trend lines with support at 121.30 and 120.60 on the 4-hours chart. Today in Japan, the Nikkei Manufacturing PMI for March 2017 (preliminary reading) posted a decline from 53.3 to 52.6. Today, the Euro Zo...
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USDJPY – US Dollar Poised For Further Gains Vs Japanese Yen

Key Highlights The US Dollar after a correction towards the 116.00 handle against the Japanese yen found support. The USDJPY pair traded higher, and managed to break a bearish trend line on the 4-hours chart at 117.40. The pair currently looks set for more upsides, as the trend is positive for the greenback. Today in Japan, the Nikkei Manufacturing Purchasing Mana...
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EURUSD – Euro Eyes Further Gains Vs US Dollar

EURUSD – Euro Eyes Further Gains Vs US Dollar Key Highlights The Euro traded higher recently versus the US Dollar, and remained in an uptrend. There is a crucial bullish trend line on the 4-hours chart of the EURUSD pair, which is acting as a support area. Today during the London session, the Euro Zone Manufacturing Purchasing Managers Index will be (PMI) released...
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