08 October, 2015 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDJPY
US Dollar is trading lower and heading near a major support area against the Japanese Yen.
80-60 holds the key for the USDJPY pair in the near term as there lies a major barrier.
Japanese Trade Balance - BOP Basis released by the Customs Office came in at ¥-326.1B in August 2015, compared with the last reading of ¥-108.0B.
Japanese New Machinery Order...
09 April, 2015 by Aayush Jindal in Fundamental Analysis, GBPUSD, Market Analysis, Technical Analysis
British pound climbed higher recently against the US dollar, but failed around an important resistance area.
In the UK, the BOE Interest Rate Decision will be announced by the Bank of England, which might cause heavy movements in GBPUSD.
GBPUSD is forming a breakout pattern with support at 1.4850 and resistance ahead at 1.4950.