Tag Archives: EUR/JPY
FX Daily Crosses
Today’s highlights: – EUR/GBP: Threatening short term resistance at .8033 after defending the .7961/0 support zone yet again. Increasing signs of basing, but above .8033 required for .8078.
Technical Analysis
EUR/scandies moving higher to re-check resistance… EUR/USD Correcting towards 1.2770… EUR/CHF Testing SNB’s resolve again… EUR/JPY Could re-check 102… EUR/SEK Bid in rangy environment..
Daily Market Technicals
EUR/USD: Consolidates Below 38.2%, Bulls Need Break Higher. The pair continues to retest the 38.2% retracement as resistance, slow stochastics is approaching oversold levels and daily studies are beginning to look neutral.
FX Techs
At a glance: On hold EUR/USD also remained within a tight range yesterday which keeps the downside open for a straight extension to 1.2639 (daily breakout line), to 1.2542 (Fib.-projection) and ultimately to the key-T-junction at 1.2309 (int. 76.4 %). Only a break above 1.2806/17 (minor 38.2 %/200 DMA) would ease the down-pressure.
Daily Market Technicals
EUR/USD: Fades From 38.2% Level, Daily Boll Bands Wider. The pair continues to trend lower and approaches the 100-DMA, initial support at $1.2641.
FX Techs
At a glance: Game change EUR/USD seems to be one step ahead in this context as key-support at 1.2775/70 (int. 38.2 %/C=A) is decisively broken so that the odds are clearly in favor of a deeper setback to 1.2542 (Fib.-projection) and to 1.2309 (int. 76.4 %) now, whereas recoveries would have to clear 1.2816 (minor […]
FX Daily Crosses
Today’s highlights: – EUR/GBP: Rebounding from the 50% retracement at .7960, but the risk remains lower for .7923/12 initially, whilst capped by .8033.
Daily Market Technicals
EUR/USD: Bulls Require Break Above 38.2% To Gain Control. The pair falls through the 38.2% retracement level of the Jul-Sep rally and now retests this level as resistance at $1.2741. Bulls require a move back above the 38.2% level if they wish to regain control.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Downside risks remain for a turn lower to the .7923/12 support. – EUR/JPY: The bearish extension below former trend support now at 102.40 reinforces a top for 100.16/99.36.