Tag Archives: EUR/JPY
FX Daily Crosses
Today’s highlights: – EURGBP: Pausing at .8165 resistance, but broader bias remains higher for .8228 and then .8263 whilst above the .8075/85 support zone.
Daily FX Technical Analysis and Strategy
Stability in US equity and commodity markets is ultimately positive for risk and likely to keep the US dollar under pressure. But for now, there are some signs of USD strength.
Daily Market Technicals
EUR/USD: Daily Studies Stretched As Bears Eye Jul 24 Supp Line. The pair moves lower again to test our initial support level, the daily Bollinger band base at $1.3026.
EUR/JPY Technical Analysis
(115,03) The EUR/JPY failed as well to confirm further weakness forming instead a positive day reversal. A daily closing tonight above 115,10 will confirm higher levels.
FX Daily Crosses
Today’s highlights: – EURGBP: Advance continues with the focus remaining on .8228 resistance high and then extension risk to our target 38.2% retracement at .8263.
Daily FX Technical Strategy – Euro fire-sale risk
The euro is under intense selling pressure at the start of the New Year and we are not convinced that the move is over, despite the markets unwinding oversold conditions in the last few days.
Daily Market Technicals
EUR/USD: Bears Eye Jul 24 Support Line As Studies Slide. The pair slips lower again and daily studies maintain their bearish tone,
EUR/JPY Technical Analysis
(114,26) The EUR/JPY confirmed a weak closing below the low of the previous session. The drop toward 113,50 could also have confirmed the suggested S_H_S formation but we suggest i for further confirmations!!
Asia FX
The Japanese yen was the center of attention through the Asian morning Wednesday, following on from decent two-way action seen during the overnight U.S. session.
Daily Market Technicals
EUR/USD: Daily Studies Firmer As Bears Meet Buying Pressure. The pair met some buying pressure as it leaves long lower shadows on the last two candles.
EUR/JPY Technical Analysis
(114,73) The EUR/JPY confirmed a session of consolidation but still managed to confirm a closing above 115 but below Friday’s one.
Daily Market Technicals
EUR/USD: Bears Target Break Below Jul 24 Support Line At $1.2964. The pair fades from the former May 1 trendline after retesting this as resistance following the double-top reversal pattern.