EUR/JPY Remains Under Pressure Below 132.00

Key Highlights The Euro started a downside move after forming a short-term top at 133.10 against the Japanese Yen. There was a break below a key bullish trend line with support at 132.40 on the 4-hours chart of EUR/JPY. The US ADP Employment in Sep 2018 increased 230K, more than the 185K forecast. Today, the US Factory Orders report for August 2018 will be release...
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EURJPY – Euro Looks To Extend Losses Vs Japanese Yen

Key Highlights The Euro recently failed near 122.80-123.00 against the Japanese yen, and moved down. There was a connecting bearish trend line on the 4-hours chart of EURJPY at 122.65, which acted as a resistance. The pair is also below the 100 and 200 simple moving average (H4), signaling more declines. In the Euro Zone today, the Manufacturing Purchasing Manager...
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EURJPY – Euro Declines Below 122.00 Support Vs Japanese Yen

Key Highlights The Euro remained under selling pressure against the Japanese yen, and broke the 122.00 support area. There was a monster triangle pattern formed on the 4-hour chart of EURJPY with support at 122.00. The Japanese Current Account released by the Ministry of Finance posted a trade surplus of ¥1,415.5B, compared with the forecast of ¥1,500.0B in Nov 201...
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GBPJPY – A Look At The Big Picture

GBPJPY – A Look At The Big Picture Key Highlights British Pound recent slide against the Japanese yen got extended, as the GBPJPY pair moved below 140.00. During the recent downside move, the pair broke a major support trend line on the monthly chart, which is a sign that it was a crucial move. Today in Japan, the Retail Trade released by the Ministry of Economy, ...
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USDJPY – 118.0 As Pivot Area

USDJPY – 118.0 As Pivot Area, Can it Recover? Key Highlights             US Dollar after trading lower towards the 116.60-50 support area against the Japanese Yen found support. There are a couple of bearish trend lines formed on the hourly chart of the USDJPY pair, which are stalling gains currently. Japanese Trade Balance - BOP Basis released by the Cu...
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EURJPY – Can It Recover as Sellers Remain in Action?

Key Highlights             Euro traded lower against the Japanese Yen, and tested the 127.00 support area. There is a major bearish trend line formed on the 4-hours chart, which is likely to act as a resistance if the EURJPY pair corrects higher. Japanese Labor Cash Earnings released by the Ministry of Health, Labor and Welfare posted no change in November ...
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USDJPY – US Dollar On Declining Path Against Yen

US Dollar On Declining Path Against Yen, Can it Recover? Key Highlights             US Dollar moved lower against the Japanese Yen, and currently looks set for more losses. There is a major bearish trend line formed on the hourly chart, which may act as a resistance moving ahead. On the downside, a support trend line is holding losses which if broken may c...
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AUDJPY Testing Significant Resistance

AUDJPY Testing Significant Resistance Key Highlights             Aussie Dollar climbed higher during the past session against the Japanese Yen, but facing a major resistance area. There is a bearish trend line formed on the hourly chart of AUDJPY, which is preventing an upside break. Australian Conference Board Australia leading Index released by the Confe...
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EURJPY – 130.10-20 Critical For Next Leg

EURJPY – 130.10-20 Critical For Next Leg Key Highlights             Euro struggled recently against the Japanese Yen and traded below the 130.00 support area. The EURJPY pair is currently correcting higher, but facing a significant resistance around 130.10-20. Japanese National Consumer Price Index is released by the Statistics Bureau posted an increase ...
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USDJPY – Can This Be a Real Break?

USDJPY – Can This Be a Real Break? Key Highlights             US Dollar after trading close to the 123.80 resistance area against the Japanese Yen found sellers and moved lower. There was a support trend line formed on the hourly chart of the USDJPY pair, which was breached to open the doors for more losses. In Japan, the Nikkei Manufacturing PMI was rel...
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