GBP/JPY Could Struggle To Surpass 143.50

Key Highlights The British Pound fell significantly and tested the 141.00 support area against the Japanese Yen. There are two key bearish trend lines formed with resistance near 143.40-50 on the 4-hours chart of GBP/JPY. The UK Claimant Count in Nov 2018 changed 21.9K, more than the 13.2K forecast. Today, the US Consumer Price Index for Nov 2018 will be released,...
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EUR/JPY Could Extend Slides Below 129.50

Key Highlights The Euro declined recently and broke the 130.80 support against the Japanese Yen. There is a major bearish trend line in place with resistance at 130.60 on the 4-hours chart of EUR/JPY. Recently in Japan, the Machinery New Orders posted a growth of 6.8% in August 2018 (MoM). Today, the US Consumer Price Index for Sep 2018 will be released, which is ...
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EUR/USD Tumbles Below 1.1400, 1.1300 Next?

Key Highlights The Euro fell sharply recently and broke the 1.1440 and 1.1400 support levels against the US Dollar. There is a major bearish trend line forming with resistance at 1.1500 on the 4-hours chart of EUR/USD. The US CPI in July 2018 increased 0.2% (MoM), similar to the forecast and more than the last +0.1%. The yearly change came in at +2.9%, less than t...
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USD/JPY Holding Important Support Above 110.50

Key Highlights The US Dollar found support near the 110.50-70 zone against the Japanese Yen. There is a crucial bearish trend line forming with resistance at 111.25 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending August 04, 2018 declined from 219K to 213K. The US Consumer Price Index for July 2018 will be released today, which is...
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USD/JPY Surged Above 112.00, More Gains Seem Likely

Key Highlights The US Dollar surged higher this week and broke the 111.40 resistance against the Japanese Yen. There is a crucial bullish trend line formed with support at 111.20 on the daily chart of USD/JPY. The US CPI in June 2018 increased 0.1%, less than the forecast of +0.2%. Today in the US, the PPI figure for June 2018 will be released, which is forecasted...
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Gold Price Facing Major Resistance Near $1,265

Key Highlights Gold price corrected higher, but it failed to break the $1,265 resistance against the US Dollar. There is a key bearish trend line formed with resistance near $1,264 on the 4-hours chart of XAU/USD. The US PPI in June 2018 increased 0.3% (MoM), more than the forecast of +0.2%. Today in the US, the CPI figure for June 2018 will be released, which is ...
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USD/JPY Testing Key Bullish Trend Support

Key Highlights The US Dollar corrected lower after trading as high as 110.01 against the Japanese Yen. There is a crucial bullish trend line formed with support 109.15 on the 4-hour chart of USD/JPY. The US Consumer Price Index in April 2018 posted a rise of 0.2%, less than the +0.3% forecast (MoM). Today, Canada’s Net Employment Change for April 2018 will be re...
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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...
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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, ...
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Gold Price Remains Supported Above $1,328

Key Highlights Gold price found support near the $1,320 level and recovered recently against the US Dollar. There are two bullish trend lines forming with support near $1,328 on the 4-hours chart of XAU/USD. The US PPI in March 2018 posted a rise of 3% (YoY), more than the forecast of 2.9%. Today, the US CPI report for March 2018 will be released, which is forecas...
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