USD/JPY Could Revisit 109.50 Resistance Zone

Key Highlights USD/JPY remained well supported above the 108.20 region.GBP/USD rallied recently above the 1.3100 and 1.3150 resistance levels.The US Initial Jobless Claims for the week ending Nov 30, 2019 declined from 213K to 203K.The US nonfarm payrolls is likely to increase 180K in Nov 2019, up from the last 128K. USD/JPY Technical Analysis After a major failure ne...
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USD/JPY Eyes Upside Break Above 110.00

Key Highlights USD/JPY is trading in a bullish zone above 109.00, with positive signs on the daily chart.A connecting bullish trend line is forming with support near 108.90 on the daily chart.Japan’s Retail Trade declined 14.4% in Oct 2019 (MoM).The Euro Zone CPI could increase 0.9% in Nov 2019 (YoY) (Prelim). USD/JPY Technical Analysis This month, the US Dollar mos...
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USD/JPY Facing Uphill Task, Can Bulls Make It?

Key Highlights USD/JPY is holding the key 108.25 and 108.20 support levels.A crucial resistance is forming near 108.80 and a bearish trend line on the 4-hours chart.The US Initial Jobless Claims for the week ending Nov 16, 2019 came in at 227K vs 219K forecast.The US Manufacturing PMI could increase from 51.3 to 51.5 in Nov 2019 (Prelim). USD/JPY Technical Analysis Re...
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USD/JPY In Corrective Decrease But Remains Supported

Key Highlights USD/JPY started a downside correction from the 109.50 resistance.There was a break below a contracting triangle with support at 108.90 on the 4-hours chart.The US Initial Jobless claims for the week ending Nov 09, 2019 increased from 211K to 225K.The US Retail Sales is likely to increase 0.2% in Oct 2019 (MoM), better than the last -0.3%. USD/JPY Technical...
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USD/JPY Daily Chart & Bullish Scenario

Key Highlights USD/JPY is showing many bullish signs above 107.50 on the daily chart.A bullish breakout pattern is forming with resistance near 109.50.The US Initial Jobless Claims for the week ending Nov 02, 2019 declined from 219K to 211K.Michigan’s Consumer Sentiment Index could increase from 95.5 to 95.9 in Nov 2019 (Prelim). USD/JPY Technical Analysis The US Do...
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USD/JPY Showing Bearish Signs, US NFP Next

Key Highlights The US Dollar failed to stay above the 109.00 resistance and declined against the Japanese Yen.USD/JPY traded below a crucial bullish trend line with support near 108.80 on the 4-hours chart.The US Initial Jobless Claims for the week ending Oct 26, 2019 increased from 213K to 218K.The US nonfarm payrolls could increase 89K in Oct 2019, down from the last 136K...
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USD/JPY Holding Key Support Near 108.00

Key Highlights The US Dollar settled above the key 107.80 and 108.00 resistances against the Japanese Yen.USD/JPY is correcting gains, but it remains well supported near 108.00.EUR/USD and GBP/USD are showing positive signs above 1.1075 and 1.2800 respectively.The US Manufacturing PMI increased from 51.1 to 51.5 in Oct 2019 (Preliminary). USD/JPY Technical Analysis Th...
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USD/JPY Primed For More Upsides In Near Term

Key Highlights The US Dollar broke a crucial resistance near 108.40 against the Japanese Yen. USD/JPY remains well supported near 108.40 and 108.00.EUR/USD climbed higher sharply and broke the key 1.1060 resistance area.GBP/USD rallied significantly above 1.2950 before correcting lower. USD/JPY Technical Analysis In the past few days, there was a steady rise in USD/JP...
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USD/JPY Could Continue To Rise Towards 108.45

Key Highlights The US Dollar started a fresh increase from the 106.50 support against the Japanese Yen. A key ascending channel is forming with support near 107.35 on the 4-hours chart of USD/JPY.The US CPI in Sep 2019 was unchanged, whereas the forecast was +0.1% (MoM). The Michigan Consumer Sentiment Index could decline from 93.2 to 92.0 in Oct 2019 (Prelim). USD/JPY T...
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USD/JPY Could Extend Losses, US NFP Next

Key Highlights The US Dollar started a fresh decline from the 108.50 resistance against the Japanese Yen. USD/JPY traded below a bullish trend line with support near 107.45 on the 4-hours chart.The US ISM Non-Manufacturing Index declined sharply from 56.4 to 52.6 in Sep 2019.The US nonfarm payrolls could increase 145K in Sep 2019, better than the last 130K. USD/JPY Techn...
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