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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USD/CAD Forming Short-term Bottom at 1.2350

Key Highlights The US Dollar after a major decline found a strong support at 1.2350 against the Canadian Dollar. There was a break above a crucial bearish trend line at 1.2420 on the 4-hours chart of USD/CAD. It seems like the pair has formed a short-term bottom and it could move above 1.2560. The US Initial Jobless Claims is scheduled today with forecast as 245K ...
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USDJPY – 100 Moving Average Remains Major Hurdle

USDJPY – 100 Moving Average Remains Major Hurdle Key Highlights             US dollar after spiking higher towards 114.40 against the Japanese yen moved down. The pair is currently trading near a support trend line on the hourly chart, which holds the key for more gains in the short term. In the US, the Import Price Index will be released by the US Depar...
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